
By John Helmer, Moscow
Victor Pinchuk (lead image, upper left) is to pay Dominique Strauss-Kahn (right) to sit on the board of his Ukrainian bank, Credit Dnepr. The Kiev Post reports the appointment, announced by the bank this week, as having “ the aim of boosting corporate governance.”
Strauss-Kahn has been losing large amounts of money in the courts of the US, France, and Luxembourg, as well as in his French businesses. He has been recouping by taking retainers as an arranger for the French investment firm Arjil-Atrium Capital; a promoter for the National Credit Bank of South Sudan; and board director for two Russian state-controlled entities, the Rosneft-owned Russian Regional Development Bank, and the Russian Direct Investment Fund.
For the past three months, Strauss-Kahn has been under investigation by prosecutors in Paris for alleged fraud and misuse of company funds involving a Luxembourg investment company he had bought into and directed between 2013 and 2014. The firm, Leyne Strauss-Kahn and Partners (LSK), is suspected of money-laundering, and is now bankrupt. “When it comes to name recognition,” said a Luxembourg finance market source, “Strauss-Kahn does not appear to bring luck to the institutions that recruit him.”
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