Former TENAM Corporation President Pleads Guilty in US Federal Court

WASHINGTON--(BUSINESS WIRE)-- On Monday of this week, Vadim Mikerin, former President of TENAM Corporation, pleaded guilty to conspiracy to commit money laundering in violation of 18 U.S.C. § 371. Daren Condrey, former President of TLI shipping company, and Boris Rubishevsky, an associate of Mr. Mikerin’s who has lived in the United States for over 25 years, also pleaded guilty. They are accused of laundering proceeds of TLI and Westerman Industry’s alleged bribes to Mr. Mikerin. Mr. Mikerin will be sentenced on December 8, 2015.

TENAM, TENEX and Rosatom have cooperated fully with US authorities throughout their investigation. TENEX also conducted its own independent investigation and did not find any other TENEX, TENAM or Rosatom-group employees or officials involved in this matter.

Fletcher Newton, TENAM's newly appointed President, commented, "TENAM, TENEX and Rosatom will continue to ensure that our business operations adhere to the highest standards of integrity and transparency."

Effective September 1, TENAM is pleased to have moved its US offices to a new, central location in the heart of downtown Washington, D.C., located at 1050 Connecticut Avenue, directly above the Farragut North Metro station. Having operated in the US market for over three decades now, Rosatom and TENEX have a proven record of providing customers with competitive pricing, diversity of supply, and creative marketing solutions. We look forward to continuing to build on our record of customer service and to seeing our customers at our new location in Washington, D.C.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150902006517/en/

TENAM Corporation
Fletcher T. Newton, +1 720-280-8020
President
[email protected]

Source: TENAM Corporation

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