How Putin’s Son-In-Law bought shares worth $380m for $100, Report

A Russian businessman who was married to Vladimir Putin’s daughter received an estimated $380m (£283m) stake in a Russian petrochemicals company for just $100, an investigation by Russia’s iStories investigative outlet has claimed.

The investigation, published in collaboration with the the Organised Crime and Corruption Reporting Project (OCCRP), used a trove of leaked emails to shine new light on the closed circle of family and associates who surround the Russian president.

According to the investigation, Kirill Shamalov, the son of a longtime friend of Putin’s, purchased the sizeable stake in the parent company of petrochemicals giant Sibur through an offshore company. The deal was inked just months after he married Katerina Tikhonova, a scientist and university official who is widely reported to be Putin’s younger daughter.

ibur’s president has called the $100 sum “incorrect”. In remarks to the RBC news website published on Tuesday, he said the real cost of the stake was far higher, citing debt obligations tied to the shares, salary forfeited as part of the deal, and other conditions of the managerial “motivational program” under which Shamalov acquired the stake.

“It’s simple,” wrote Alexey Navalny, an opposition politician and anti-corruption activist. “Putin’s daughter gets married and the newlyweds receive the present of $380m.”



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