Putin’s son-in-law Kirill Shamalov once owned more than 20 per cent of the company, but now holds a much smaller stake. ICIJ disclosed the Ross holding as part of reporting on 13.4 million records of offshore entities in tax havens leaked to German newspaper Suddeutsche Zeitung. The newspaper then shared the records with ICIJ and a network of more than 380 journalists in 67 countries. Big investments in two U.S. tech companies from a Russian government bank and Russian energy giant have also come to light. In the case of Ross, the ICIJ reported Navigator’s Russian customer, Sibur, has ties to Putin in addition to his son-in-law.

Source: National Post November 05, 2017 20:48 UTC