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Massive Leak Involves Putin Associates in Shadowy Money Scheme

A giant trickle of documents has unprotected members of Russian President Vladimir Putin’s middle round in an purported $2 billion surreptitious income laundering scheme.

The so-called Panama Papers published online on Sunday dusk minute a trail of transactions that leads from Bank Rossiya, a Russian bank on the EU and U.S. sanctions list, to various countries including Switzerland and Panama.

Through a series of complex financial offshore deals, the funds were afterwards shuffled behind into the pockets of Putin’s tighten associates, reportedly creation them millions of dollars.

The expose identified musician Sergei Roldugin as a key figure in helping to channel the funds behind to Russia. Roldugin is one of Putin’s closest friends and his daughter’s godfather.

Putin orator Dmitry Peskov in late Mar warned of an imminent hatchet pursuit on the Russian boss by international journalists, expecting the publication of “another hoax [article], sanctimonious to be objective,” the RBC news group reported at the time.

The revelations are the result of a year-long review by the International Consortium of Investigative Journalists (ICIJ) and the German journal Süddeutsche Zeitung on the basement of more than 11 million leaked papers from the Panamanian law organisation Mossack Fonseca. The records implicate 72 stream or former heads of state, including Iceland’s Prime Minister Sigmundur Gunnlaugsson and Ukraine’s President Petro Poroshenko.

Edward Snowden, the NSA whistleblower, on Twitter called the expose “the biggest trickle in the story of journalism.”

Article source: http://www.themoscowtimes.com/article/564653.html