The International Consortium of Investigative Journalists (ICIJ) has uncovered leaked financial records that suggest the Russian government and Vladimir Putin have been using Cyprus as a safe-deposit box for hiding billions of dollars from sanctions.
The investigation by ICIJ reveals how PwC, a global accounting firm, helped a Russian industrialist transfer a $1.4 billion investment to his partner to evade EU sanctions.
The leaked records also expose the luxurious lifestyles of Russian oligarchs, including private concerts, superyachts, and priceless art collections. [ more ]