Months of forensic reporting by OCCRP and our partner Meduza reveal that all the properties previously reported to have ties to Vladimir Putin have something else in common: The companies that own them are secretly interconnected.
The companies — which are linked to Bank Rossiya, aka “Putin’s piggy bank” — use the same email domain, LLCInvest.ru. Read the full story.
🌐 The Big Picture: Vladimir Putin has long denied any connection to the mansions, yachts, and vineyards that reporters have tied to him. Now we learn that $4.5 billion in assets — everything linked to Putin, but also businesses belonging to his allies — are owned by a group of companies that seem separate, but appear to be jointly managed.
In the words of one expert, what we’ve revealed looks like a “cooperative” from which Putin and Russian elites can draw as they please.
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‘We Cannot Use It’: Leaked Emails Show How Russian Petrochemical Giant Sibur Paid For Villa Linked to Putin
A beautiful villa sits on the Gulf of Finland. In 2016, journalists linked it to Putin, suggesting he uses it as a holiday house — and pointing out that the Russian petrochemical company Sibur had hung a banner outside its entrance claiming it was a “recreation center” for employees.
Leaked emails provide new evidence that the villa’s designation as a Sibur site was a ruse.
They show that, while Sibur paid $1 million a year to rent the property, the company was not actually allowed to use the facilities. Some of its senior executives remained mystified by the arrangement, the emails show. Read the full story.
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Leaked documentation reveal the lavish details of a Putin ‘dacha’ on Lake Ladoga
On Russia’s Lake Ladoga is a building that sticks out from the humble timber huts that dot its shores. The ultra-modern structure, which locals whisper is Vladimir Putin’s “dacha” — the Russian word for a rural vacation house — is owned by companies that use the LLCInvest.ru domain. Leaked emails show that LLCInvest companies are building lavish new buildings nearby, creating what appears to be a luxury guesthouse and entertainment complex.
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