The allegations were contained in a report co-published by
Alexei Navalny’s Foundation for Fighting Corruption and the
Henry Jackson Society, a British-based think-tank.
The report’s authors said their findings “should raise
serious concerns about the viability of the financial
institution for investors”.
Navalny’s critique of VTB is likely to embarrass the Kremlin
and help the opposition firebrand keep his own profile high.