Peter Lownds Represents Senior Banker in $3.5M Banking Corruption Case
Peter Lownds started a 6 week banking corruption case at The Old Bailey this week. Peter acts for Andrey Ryjenko, a former senior banker with the European Bank of Reconstruction and Development.
Ryjenko is charged with entering into a corrupt agreement with a US based consultant who was instructed by by six different oil and gas companies from the former Soviet Republics in their applications for funding to the Bank between 2007-2010. The prosecution case is that under the agreement Mr Ryjenko agreed to favour the consultant in return for a 50% share of the commission the consultant received from successful applications. The prosecution allege that Ryjenko introduced the consultant to the applicant companies and that payments totalling $3.5M were made from the consultant’s company Chestnut Consulting to Mr Ryjenko’s sister.