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. Last Updated: 07/27/2016

Swiss Prepare For Borodin Extradition

GENEVA — Swiss police expect former Kremlin aide Pavel Borodin to arrive within days to face money-laundering charges, after he dropped his opposition to extradition from the United States, a spokesman said Tuesday.

Borodin was arrested in New York in January on an international warrant from Switzerland, which accuses him of receiving and laundering kickbacks from contracts given to Swiss firms to renovate the Kremlin — charges he denies.

Borodin told a court in New York on Monday that he was ready to face Swiss prosecutors now, and wanted to clear his name.

"For security reasons, we never give out the exact day of extradition, but it will be in the coming days," said a spokesman for Swiss Federal Police in Bern.

Borodin, 54, was arrested as he arrived in the United States to attend the inauguration of President George W. Bush.

Russia dropped its own investigation into the affair last year after extensive cooperation with the Swiss, and has protested vigorously against Borodin's arrest.

Geneva's chief prosecutor Bernard Bertossa has alleged that Borodin, in charge of the Kremlin's vast property empire when Boris Yeltsin was president, laundered $25 million tied to contracts for the Swiss-based companies Mabetex and Mercata.

Borodin, who Bertossa alleges is a member of a criminal organization, has denied all charges, as have the two firms.