Russia to pay bail of $500,000 for a former UN official charged with money laundering in oil-for-food scam in Iraq.
New York: Russia has decided to post $500,000 in bail needed to release its citizen Vladimir Kuznetsov, who was arrested by the US authorities as part of the investigation into UN?s oil-for-food program in Iraq.
Kuznetsov, who chaired the influential, UN' Budget Oversight Committee has been in custody since his arrest on September 1 on suspicion of money laundering.
He was indicted for money laundering in the controversial oil deals of the UN's Oil-for-Food programme in Iraq. He is the second Russian UN official to be arrested by the FBI for alleged money laundering this year.
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