Russian President Vladimir Putin denied the “Panama Papers” allegations about the existence of “elements of corruption” that would incriminate his close associates and defended his friend Sergei Pavlovich Roldugin, a cellist and businessman thought to be at the center of Putin’s “financial arrangements”.
“What element of corruption? There is none,” said Putin on Thursday at a forum in St. Petersburg where he spoke out publicly for the first time on the Panama Papers subject.
Addressing his audience in St. Petersburg, Vladimir Putin accused the United States for being behind this extensive journalistic reports, writes the New York Times.
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As for Mr. Roldugin, the Russian President had only praising words:
‘He’s a creative man and like many other creative people in Russia he is trying to do business. But what’s the business? He is a minor shareholder in a Russian company. He earned money from that but not billions of dollars. These are nonsense. Almost all the money he earned he spent on musical instruments he brought to Russian from abroad. Expensive things,” said Putin, describing Sergei Roldughin as a brilliant musician.
The #PanamaPapers consist of 11.5 million documents leaked from the Panamanian law firm Mossack Fonseca and brought to public attention by the International Consortium of Investigative Journalists (ICIJ). The investigation revealed an extensive network of senior officials, politicians, billionaires and celebrities from around the world, who made use of offshore accounts in order to hide their undeclared wealth. Tax evation, money laundering, drug trafficking were the results of such financial mechanisms.
Photo credit: Kremlin.ru [CC BY 4.0], via Wikimedia Commons
