Word: voshchanov
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...most intriguing accounts came from Pavel Voshchanov, press & secretary to Russian President Boris Yeltsin. In a series in the daily Komsomolskaya Pravda, he quoted extensively from confidential party memorandums revealing that in 1988, eager to acquire foreign currency, the Communists had set up an "invisible party economy" that permitted them to hide money in overseas joint ventures and launder it through a network of domestic and foreign commercial banks. According to another story in the paper, since last December alone, the party has sold 280 billion rubles for $12 billion in U.S. currency, which was then funneled through party-controlled...
According to Voshchanov, the party acted like a criminal cartel, financing what it called "friendly firms" abroad. He claimed to have seen a list of 60 such companies, all created by Western Communists. Last week Justice Minister Fedorov told parliamentary investigators the party had shamelessly used Western credits to shore up debt-ridden friendly companies in Europe instead of buying much needed grain or baby food...
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