DATE=9/20/1999
TYPE=CORRESPONDENT REPORT
TITLE=CONGRESS-RUSSIA (S-ONLY/ONITER)
NUMBER=2-254104
BYLINE=DAVID SWAN
DATELINE=CAPITOL HILL
CONTENT=
VOICED AT:
INTRO: The U-S Congress is opening hearings (Tuesday)
on alleged corruption and money-laundering in Russia.
V-O-A's David Swan reports, lawmakers want to know if
American or international aid money was involved.
TEXT: The hearings will focus on reports of massive
money-laundering through the Bank of New York and
other Western institutions. Investigators say
billions of ill-gotten (illegally obtained) dollars
may have been slipped out of Russia - perhaps
including loans from the International Monetary Fund.
U-S Treasury Secretary Lawrence Summers is scheduled
to be the first witness before a House committee
(Tuesday). But politically, the case could be far
more damaging to Vice-President Gore, who plays a key
role in administration policy toward Russia and is now
seeking his party's presidential nomination. Mr.
Gore's Republican rivals are already attacking him
over this issue.
Members of the Russian Duma are also expected to
testify at the hearings. In Moscow, Prime Minister
Vladimir Putin (Monday) brushed aside questions about
money-laundering, saying the allegations are
unconfirmed. (Signed)
NEB/DS/TVM/gm
20-Sep-1999 17:40 PM EDT (20-Sep-1999 2140 UTC)
NNNN
Source: Voice of America
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