ICIJ Shows How Putin and Russian Oligarchs Used Cyprus Confidential to Shield Wealth
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 ]