One such group includes PETROTRADE S.A.M.
PETROTRADE is an oil company registered in Monaco. It first came to the attention of Monaco authorities in 1999 when they were contacted by the Polish government with regard to a money laundering investigation of BMG PETROTRADE-POLAND.
PETROTRADE is ostensibly owned by Pierre Raphael ERGAS, a French national born 20 April 1950 in Marseille.
ERGAS, in 1991, set up RUSSIAN TRADE DEVELOPMENT at 27 Avenue Princess Charlotte in Monaco.
ERGAS connects to known Russian organized crime figures.
PETROTRADE also connects to the late Bruce RAPPAPORT, who has a long history with corrupt Russian interests, and was long suspected of laundering money from the oil industry. RAPPAPORT met ERGAS in 1992.
A majority shareholder of Inter Maritime Bank in Switzerland, RAPPAPORT was expelled from Monaco in 2001, but was allowed back six months later after money changed hands.
For further information see: All is Clouded by Desire: Global Banking, Money Laundering, and International Organized Crime by Alan A. Block and Constance A. Weaver (Praeger Publishers, 2004), particularly its introduction: