Standard Bank says there is no reason to believe any of its businesses are linked to alleged money laundering involving Troika Dialog, even though it owned a stake in the Moscow-based lender until 2012. None of the entities that Standard Bank was involved in at the time have been mentioned in reports about the scandal, Alan Bedford-Shaw, the head of corporate development, said on a conference call Thursday. Africa’s largest lender bought 36% of Troika — at the time Russia’s largest independent investment bank — in September 2009, combining the business with its existing operations in the country. Africa’s biggest bank is being dragged into the fray as almost daily revelations from the Organised Crime and Corruption Reporting Project and its partner news organisations widen the group of lenders involved in the scheme. The so-called Troika Laundromat was a financial network set up to help clients move money out of Russia and hide it. Standard Bank agreed to sell Troika to Sberbank in ...

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