By John Helmer, Moscow
The European Bank for Reconstruction and Development (EBRD), the government-owned bank established in London in 1991 to finance market boosting projects in the former Soviet Union, has been secretly aiding UK and US intelligence services in espionage targeted at Russia. The US is a 10% shareholder in the bank, the UK holds an 8.7% stake; Russia, 4%.
The disclosure appears in the records of a trial this month at the Central Criminal Court in London of Andrei Ryjenko (Рыженко, usually Anglicized as Ryzhenko), a senior banker at the EBRD who is a dual Russian-British citizen. Early in June, Ryjenko was convicted of taking and then laundering $3.5 million in concealed bribes for helping applications to the EBRD for loans and equity investments from two Russian oil and gas companies win approval for a total of $275 million. MI5, according to testimony in open court, offered Ryjenko the opportunity to keep his money and avoid prosecution if he agreed to spy for the British against Russian foreign intelligence service (SVR) agents who, MI5 told Ryjenko, were under cover in London. Ryjenko refused for several months. He was then arrested and subsequently tried. On June 20, Ryjenko was sentenced to six years in jail.
Treason against Russia was one crime Ryjenko refused to undertake, the Old Bailey testimony reveals. Also revealed, and for the first time, is EBRD’s role in operating the scheme of lures and inducements MI5 proposed for Ryjenko, and other Russian nationals at the bank. “Honey traps,” comments a London banking veteran, “are generally illegal. Otherwise, the honey wouldn’t be so sweet, or entrapment worth plotting. It looks like Ryjenko trapped himself. It also looks like the bank was happy to make its money baiting the trap for MI5.”
The EBRD spokesman, Anthony Williams, was asked to clarify the court testimony that the EBRD cooperates with MI5 to permit EBRD executives and EBRD records to be used in espionage operations against EBRD shareholders. “This refers to claims made during the trial”, Williams said on Monday, “that were not deemed credible by the court and which are rejected by the EBRD. EBRD does not cooperate with MI5 and other British and US intelligence agencies.”
Williams was unable to produce statements by the presiding judge, dismissing the MI5 evidence. “I can only repeat: The EBRD does not cooperate with such intelligence services.” (more…)























