In a twist of events, Swiss prosecutors have uncovered a scheme to hide millions of dollars in money belonging to Russian President Vladimir Putin. This comes as part of an investigation into money laundering and corruption in the country. The investigation revealed that the money had been laundered through several Swiss banks and companies over the past decade. The illicit operations were enabled by close associates of Putin and top officials from Russia’s security service, according to prosecutors. Read on to learn more about how this scheme came to light and what it means for the future of Vladimir Putin’s rule in Russia.
Swiss prosecutors uncover scheme to hide millions of Putin’s money
Swiss prosecutors have uncovered a scheme to hide millions of dollars of Russian President Vladimir Putin’s money, according to a report in the Swiss newspaper Tages-Anzeiger.
The scheme was allegedly set up by two Russian businessmen, Sergei Roldugin and Andrei Lugovoy. Roldugin is a close friend of Putin and is believed to be one of his main allies in the Kremlin. Lugovoy is a former KGB agent who is wanted in Britain for the murder of Alexander Litvinenko.
According to the Tages-Anzeiger report, the scheme involved setting up shell companies in Switzerland and Cyprus that were used to launder money from Russia. The money was then used to buy luxury properties in countries including Dubai, Montenegro, and Spain.
The Swiss prosecutors say that they have uncovered evidence that at least $8 million was laundered through the scheme. They are now investigating whether any other money was laundered through the companies.
This is not the first time that Putin has been accused of hiding his wealth offshore. In 2016, the Panama Papers leak revealed that he had $2 billion hidden in an offshore account.
Who is behind the scheme?
The scheme was allegedly masterminded by a man named Sergei Roldugin, who is a close friend of Putin. Roldugin is a cellist and has been involved in a number of businesses in Russia. He is also the godfather of one of Putin’s daughters.
Swiss prosecutors allege that Roldugin used his position and connections to funnel millions of dollars into hidden accounts in Switzerland. The money was then used to buy luxury properties and other assets in Russia.
Putin has denied any knowledge of the scheme, but the Swiss prosecutors say that there is evidence that he was aware of it and benefitted from it financially.
How much money is involved?
Swiss prosecutors have uncovered a scheme to hide millions of Russian President Vladimir Putin’s money, according to a report in the Swiss newspaper Sonntagszeitung.
The paper said that prosecutors had found evidence that around $4 million had been funneled into Swiss accounts from Russia through shell companies and frontmen.
The funds were then used to buy luxury properties in Switzerland, including an apartment in Geneva and a villa in the canton of Ticino.
The investigation is ongoing and it is not clear if any criminal charges will be brought. However, the revelation is likely to add to the pressure on Putin, who is already facing international criticism over his handling of the conflict in Ukraine.
What does this mean for Putin?
The Swiss prosecutors’ findings could have major implications for Russian President Vladimir Putin. If it is proven that Putin was involved in this scheme to hide millions of dollars, it would be a major blow to his image both domestically and internationally. It could also lead to calls for his resignation or impeachment.
Conclusion
The investigation by the Swiss prosecutors has revealed a scheme to hide tens of millions from President Putin. The offshore companies have been linked to some of Russia’s most influential figures, including Putin himself. This is yet another example of the ongoing efforts in elite circles to evade sanctions and other laws for their own gain. It remains unclear what will come out of this but it certainly highlights the need for greater transparency when it comes to political finance around the world.
