OREANDA-NEWS. The US Department of Justice has accused the Russian businessman Oleg Tinkoff, the founder of Tinkoff Bank, of having hidden $ 1 billion of asset information. This was reported on the agency’s website.

The prosecution believes that after TCS Group Holding PLC (the bank’s parent company) entered the IPO on the London Stock Exchange in 2013, Tinkov owned shares worth $ 1 billion in Washington. Three days after the IPO, the businessman, according to the Ministry of Justice, abandoned the US Citizenship, the holder of which, in particular, is required to report to the United States Internal Revenue Service (IRS) on profits from their assets.

Thus, according to the Justice Ministry, Tinkov filed an unreliable tax return in which his income was less than $ 260 thousand. In another document - the tax reports of a person who renounced US citizenship - this amount did not exceed $ 330 thousand (it is used to calculate exit tax, expatriation tax).

If Tinkoff is found guilty, he faces imprisonment for a maximum of three years on each count of charges. In addition, he may be fined. The US authorities do not name their possible amount.