How the construction of the palace for the leader of the People’s Front was financed—a movement in which the swindling “front activists” have already quite brazenly enrolled a full third of the country’s population.
- And the paperwork showed that they had received $203 million worth of equipment and work, although in reality only about $130 million was spent. How was the account holding the remaining $70 million set up—whose account was it?* It was an offshore company in the West. - Who ran that company? Nikolai Terentyevich Shamalov. - Where was the company based? In Switzerland. - How long did this continue? Until 2007. - Roughly how much money accumulated? Around $500 million. - So there must have been a huge number of donors. It wasn’t just that there were many donors. Later, direct transfers to that company also began. - Then, as I understand it, a structure called “Rosinvest” appeared, specifically to manage these “set-aside” funds. When was that? In 2005. Once we had built up a fairly substantial fund, the company “Rosinvest” was created to handle investments and put that money to use. - And by a fairly substantial fund, how much do you mean? By that time, about $200 million. - How was “Rosinvest” structured? “Rosinvest” is a subsidiary of the Swiss company “Lirus Management.” The investments, meanwhile, are carried out by another company whose ownership is tied to bearer shares. - So whoever holds the certificates is the owner. Yes, 94 percent of those shares were given to Mr. Putin, and 2 percent each went to us—to Shamalov, Gorelov, and me.* Read here