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Loan Fraud Russia

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September 9, 1998 | RICHARD C. PADDOCK, TIMES STAFF WRITER
A key architect of Russia's economic transformation said in a published interview Tuesday that Russia "conned" the international community out of nearly $20 billion in loans by hiding the severity of the country's fiscal problems. Anatoly B. Chubais, who in July negotiated a $4.8-billion loan from the International Monetary Fund, said in an interview in Kommersant Daily that it was necessary and appropriate for Russia to lie to obtain infusions of cash.
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NEWS
September 9, 1998 | RICHARD C. PADDOCK, TIMES STAFF WRITER
A key architect of Russia's economic transformation said in a published interview Tuesday that Russia "conned" the international community out of nearly $20 billion in loans by hiding the severity of the country's fiscal problems. Anatoly B. Chubais, who in July negotiated a $4.8-billion loan from the International Monetary Fund, said in an interview in Kommersant Daily that it was necessary and appropriate for Russia to lie to obtain infusions of cash.
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