Thread by @WendySiegelman

Great @carmichaelstack @OCCRP story on Poroshenko's secret control of offshore firms that banked at Austria’s Raiffeisen

Thread on more Raiffeisen customers: Trump Toronto, Firtash, Deripaska, RZB was reputed front for Russian mafia boss Semion Mogilevich
occrp.org/en/investigati…

In March 2007 the $310 million construction loan for Trump Toronto’s developer Talon (led by Alex Shnaider & Val Levitan) came from Raiffeisen Bank/RZB

A non-interest-bearing loan was extended a dozen times & in 2015 Talon defaulted on the loan.

https://twitter.com/WendySiegelman/status/879054349305094147?s=20

In 2004 Russia’s Gazprom formed a 50/50 partnership with RosUkrEnergo (RUE) controlled by Raiffeisen to sell gas from Turkmenistan to Ukraine’s Naftogaz.

In 2006 NYT reported that RUE was owned by Centregas, Dmitry Firtash owned 90% and Ivan Fursin 10%

nytimes.com/2006/04/26/bus…

US diplomatic cables from 2005-2006 released by Wikileaks revealed concerns Raiffeisen Bank “was probably “a front to provide legitimacy to the gas company that we suspect he [U.S.-indicted Russian crime boss Semyon Mogilevich] controls, RosUkrEnergo”

https://twitter.com/WendySiegelman/status/879054769033273348?s=20

Here’s the 2006 U.S. state department cable about concerns over Raiffeisen Bank operations and possible bribes of Raiffeisen executives by Russian organized crime boss Semion Mogilevich through gas company RosUkrEnergo/RUE
wikileaks.org/plusd/cables/0…

In 2008 Dmitry Firtash was involved in a failed deal with Paul Manafort and his business associates to buy the Drake Hotel in New York City

Firtash wired a $25 million deposit from Raiffeisen to Manafort’s company CMZ

https://twitter.com/WendySiegelman/status/1103503260000944129?s=20

Here’s chart I did showing the Drake Hotel deal which involved many associates close to Trump including Paul Manafort who worked on the failed deal which received initial funding from Dmitry Firtash, Oleg Deripaska was also involved in funding discussions
wsiegelman.medium.com/trump-soho-dra…

Oleg Deripaska has been a large customer of Raiffeisen Bank. In 2008 Deripaska refinanced his holding in Austrian construction company Strabag with a 500 billion euro loan from Raiffeisen Bank, which held off a possible seizure of Strabag by Deutsche Bank

nytimes.com/2008/10/18/bus…

When Deripaska refinanced Strabag, Raiffeisen was run by Herbert Stepic a close associate of the Chairman of Strabag's Supervisory board Alfred Gusenbauer

Gusenbauer was part of the Hapsburg Group that was mentioned in the indictment of Paul Manafort

https://twitter.com/WendySiegelman/status/967457057124298753?s=20

In 2018 Raiffeisen Bank was fined 2.7 million euro for its lack of money laundering controls, the biggest fine in Austrian history came 2yrs after Panama Papers leak showed loans from the bank to companies affiliated with ex-Ukrainian President Poroshenko

https://twitter.com/WendySiegelman/status/980115033152806912?s=20

In 2019 during House Intel committee hearings on Putin’s playbook @RepSpeier asked about Austria's Raiffeisen Bank & Russia - and described how Raiffeisen had funded the Trump Toronto deal w/$310 million but never pursued repayment

https://twitter.com/WendySiegelman/status/1111307838935179264?s=20

Trump has a remarkable history of failed deals in which he did not invest his own money and walked away with profits

https://twitter.com/WendySiegelman/status/1112022544444477444?s=20

If you would like to support my research/publication, all amounts starting at $1 month are truly appreciated🙏
patreon.com/WendySiegelman…

Quick update/correction to this tweet:

https://twitter.com/WendySiegelman/status/1390297119270002692?s=20

The 2008 article quoted👆says 500 billion, but it appears to be a typo,

This 2009 article says 500 million
nytimes.com/2009/03/08/bus…

thanks to @Borderscrossed for the catch