A Russian-backed company involved in a decade-long drama that touched the highest levels of the U.S. and Russian governments must hand over $5.9 million that it had agreed to pay to avoid a trial in New York.
A U.S. judge, who said events of the case “read like a John Le Carre novel,” ordered Prevezon Holdings Ltd. on Friday to pay the settlement, rejecting the company’s claim that it didn’t have to pay the entire amount until assets seized in the Netherlands were released.
Prevezon had struck a deal with U.S. prosecutors to resolve the case in May on the eve of a trial that threatened to shed light on a $230 million Russian tax fraud and an associated money-laundering scheme.
The Cyprus-based investment company was represented in part by Natalia Veselnitskaya, a Russian lawyer who sat down with President Donald Trump’s son during the 2016 election campaign, in a meeting that was …
READ MORE ON BLOOMBERG.COM