The representative of Timchenko announced the "legal impeccability" of Gunvor operations in response to the suspicion of the US Ministry of Justice

The representative of businessman Gennady Timchenko, in respect of which the prosecutor's office of the Eastern District of New York, with the assistance of the US Ministry of Justice, began an audit, said the "legal impeccability" of Gunvor. Earlier it was reported that the supervisory authority became interested in the legitimacy of Timchenko’s transactions during Gunvor.

As the representative of the trader told TASS, since March 2014, Timchenko "has not been connected with Gunvor." “Until that moment, he was one of her shareholders, without engaged in the operating activity of the trader and not entering her management,” the company explained.

At the same time, the representative of the trader noted that Timchenko always "paid great attention to the legal impeccability of Gunvor operations and is sure of the complete legitimacy of the company."

"Gennady Timchenko is not known regarding the investigation conducted by the prosecutor’s office and other investigative bodies of the United States regarding his activities. He did not receive official messages on this matter," the interlocutor said.

According to him, "all the entrepreneurial activity of Gennady Timchenko has always been in strict accordance with the law." The interlocutor of the agency noted that for the entire entrepreneurial activity of Gennady Timchenko since 1989, there has not been a single court decision in Russia or abroad.

The representative of the businessman also said that the company's joint -stock structure was disclosed both in public messages and in the avenues prepared for the release of Eurobonds. "Until March 2014, Gunvor had two main shareholders - Gennady Timchenko and Torbiern Torkwist, who owned 44% of the company's shares," he said.

Earlier, The Wall Street Journal reported that the Prosecutor's Office of the Eastern District of New York, with the assistance of the US Ministry of Justice, began an investigation against the co-founder of the Gunvor trader Gennady Timchenko.

According to the sources of the publication, the purpose of the investigation is to verify the legality of financial transactions carried out through American banks. One of the sources clarifies that the investigation, in particular, studies the financing of oil purchase transactions from Rosneft.

“Unfortunately or happiness, The Wall Street Journal does not contain any specific facts confirming the accusations. Therefore, there is no reason to polemicize with this material,” said Timchenko, Anton Kurevin.

"We can only call for extreme caution in relation to the presented position, especially given the political context of the Russian business in the American media," he said. In addition, the representative of Timchenko suggested that the statements of the investigation against Timchenko "may be associated with the desire of the United States to expand the EU sanctions in relation to the Russian Federation."