BP Coins Money From Russian Oil

British Petroleum is rumored to sell Russian oil at purposely underestimated prices. British newspaper The Times alleged the company in such a fraud.

That oil the company buys from a BP partially-owned company, and then the oil is sold to another BP-owned company, already without minority shareholders. This company, in its turn, sells the oil at market prices with immense profit, which it does not share with shareholders.

The Times, alleging BP, also accused Russian-British merge TNK-BP.