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. Last Updated: 07/27/2016

Russia sells oil to wanted man

Russia is selling its oil to a man who is wanted in several countries for tax evasion and extortion, according to a report in Izvestia.


Marc Rich, who is wanted by the FBI and Interpol for tax fraud, racketeering and conspiracy, will buy several tons of petroleum products from the Russian government, which could yield him millions of dollars in net profits, Izvestia said in a report published Friday.


Rich concluded a joint venture agreement with Rosnefteprodukt, with whom he agreed in early 1992 to buy 4, 146 tons of high-grade petroleum products.


Rosnefteprodukt is a member of the Istok Association, headed by Russian millionaire-in-exile Artyom Tarasov. In its report Izvestia also said that Istok forged bills and manifests in order to sell petroleum to Rich which it purchased in Russia at state-subsidized prices. The paper said Rich's total profit on the deal was as high as $400 million for the sale of 700, 000 tons of oil.


When the U. S. government caught Rich for tax fraud in the early 1980s, he fled to Spain. He opened his first office in Moscow in 1983.