Putin’s Ex-Son-in-Law Bought $380M Stake in Petrochemicals Giant for $100 – Investigation
President Vladimir Putin’s former son-in-law purchased $380 million worth of shares in Russia’s top petrochemicals company for $100 after marrying the president’s daughter, according to a report by the iStories investigative outlet.
Kremlin critic Alexei Navalny characterized the $100 purchase as a “$380 million wedding gift.” Navalny had tried unsuccessfully to sue Putin over a 2015 $1.75 billion low-interest state loan to Sibur, when Shamalov was the company’s second-largest shareholder with a 21.3% stake.
Shamalov said at the time that he had gained his initial 4.3% stake in Sibur as part of a management stock-option plan. Sibur chief executive Dmitry Konov confirmed the terms of the deal to iStories and its technical partner, the Organized Crime and Corruption Reporting Project (OCCRP).
“The conditions of the purchase […] didn’t differ from the conditions of purchases by other managers,” OCCRP quoted Konov as saying. “There were no exclusive conditions for Shamalov.”
Shamalov reportedly divorced Tikhonova in 2018 after selling 17% of Sibur’s shares to its main owner and dropping off the Forbes list of billionaires.
Putin, who has been divorced since 2013, has never publicly confirmed or denied the identities of his daughters. A report published in late November claimed that Putin is also the father of a secretive St. Petersburg millionaire’s 17-year-old daughter.
The Kremlin on Monday called the media investigations into Putin’s family “lies that are unable to reach their goal.” Putin’s spokesman Dmitry Peskov told reporters that the Kremlin was aware of the source of the latest stories but did not plan to name it publicly.
(c)MOSCOW TIMES 2020
Putin sold his daughter plus 380 million dollars to his son in law……………………………for 100 dollars. Even for Putin this is a new low!
LikeLiked by 4 people
Ha,ha,ha!
LikeLiked by 2 people
I want to marry your daughter? Kirill Shamalov to Putin.
You mean that ugly bitch? said Putin.
Yes, President, that’s the one! said Kirill Shamalov
How much you need, asked Putin.
Well, 200 million will do……….Vladimir.
I make it 380 million dollars, good luck with the ugly bitch. said Putin.
And do me another favor, give me 100 dollars , I ll buy you the wedding cake.
Now you will part of the Family, Congrats, said Putin.
LikeLiked by 4 people
Anything so obviously illegal is possible in mafia land. Isn’t “mafia land” a very fitting name?
LikeLiked by 2 people
The Italian mafia or any other are church choirs compared to PutinStan.
LikeLiked by 1 person
Shorty must really hate his sprog if the EX son in law hasn’t fallen out of a window yet.
LikeLiked by 1 person