You're reading: Russian service busts major drug ring accumulating proceeds at Kolomoisky’s PrivatBank

MOSCOW - The Russian Federal Drug Control Service (FSKN) has announced the liquidation of a cross-border criminal community, which was selling synthetic drugs from Southeast Asia in Russia.

“As a result of a set of search and investigative operations, [FSKN] established all structural divisions of this “octopus-like” drug ring, which consisted of organizers, wholesale suppliers, group coordinators and drug dealers operating in more than 30 Russian regions,” an FSKN spokesman told Interfax on Friday.

Fifty members of the gang have already been detained, he said.

“Drug sale proceeds were received through different payment systems and financial organizations and were accumulated in accounts opened by the community leaders at PrivatBank, which belongs to Ukrainian oligarch and Dnipropetrovsk region governor Ihor Kolomoisky,” the spokesman said.