Russian President Putin’s Ex-Son-in-Law Bought $380M Stake in Petrochemicals Giant For Only $100

According to the investigation, Kirill Shamalov purchased the sizeable stake in the parent company of petrochemicals giant Sibur through an offshore company. Photograph: Sergei Karpukhin/Reuters

Moscow Times: Putin’s Ex-Son-in-Law Bought $380M Stake in Petrochemicals Giant for $100 – Investigation

President Vladimir Putin’s former son-in-law purchased $380 million worth of shares in Russia’s top petrochemicals company for $100 after marrying the president’s daughter, according to a report by the iStories investigative outlet.

Kirill Shamalov acquired 3.8% of petrochemicals producer Sibur through a web of offshore companies months after marrying Katerina Tikhonova in February 2013, iStories reported, citing private emails obtained through a massive data breach.

Multiple media reports have identified Tikhonova as the younger of Putin’s two daughters.

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WNU Editor: This is old news. WNU covered this 5 years ago .... In Two Years Russian President Putin's Son-In-Law Became A Billionaire (December 31, 2015).

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