The Cost of Securities of TCS Group Fell Sharply amid US Claims to Tinkoff
Having reached a minimum, the cost of receipts increased slightly. By 12:25 Moscow time, their cost was 1377 rubles. apiece, which is 7.1% lower than Thursday's close of trading. At the same time, TCS Group receipts fell on the London Stock Exchange. At a minimum, the price of securities dropped to $ 20.25 apiece, which is 8.16% lower than the closing level of previous trading.
On March 2, TCS Group posted on the London Stock Exchange website that Tinkoff was detained in London and released on bail in connection with claims by the US Internal Revenue Service (IRS). At the same time, the notification noted that Tinkov was involved in legal proceedings as a private person, so that “the situation doesn't affect any of the group’s operating companies”.
On March 6, the US Department of Justice announced that Tinkov was accused of hiding information about his assets at the time of withdrawing from US citizenship, which allowed him to save on taxes.