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Sandy Man Indicted for Funneling Millions From Russia Through Utah

Sandy Man Indicted for Funneling Millions From Russia Through Utah



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(Salt Lake City-AP) -- A Sandy man is accused of funneling millions of dollars from Russia through Utah bank accounts.

Garri Grigorian was indicted by a federal grand jury Wednesday on charges of conspiracy to commit money laundering.

The indictment claims Grigorian was the manager of two Utah companies that never participated in commercial activity.

Grigorian and unnamed co-conspirators are accused of funneling money from Russia to third parties through the businesses' bank accounts. The indictment claims about 133 (m) million dollars was involved.

Grigorian is being held on 250-thousand dollars bond. His wife Vera faces similar charges. Her bail was set for 50-thousand dollars.

(Copyright 2004 by The Associated Press. All Rights Reserved.)

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