Putin Corruption Network Revealed

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Free Beacon:

Corruption by Russian President Vladimir Putin and his administration in Moscow has produced tens of billions of dollars worth of illicit funds for the Russian leader and his top aides, according to U.S. officials.

 

Putin is estimated to have amassed a fortune worth at least an estimated $28 billion through kickbacks from projects like construction at the Sochi Winter Olympic games, holdings in Russian real estate and energy conglomerates, and kickbacks from deals with associates going back to the late 1990s.

 

Corruption by Putin and his inner circle is said to be pervasive and a normal part of business under his authoritarian regime. For the first time in at least a decade, Putin is beginning to come under fire from the West after the military annexation of Ukraine’s Crimean peninsula.

 

In the past, the Obama administration had imposed a strict political ban on critical reporting within policy, intelligence, and law enforcement circles as part of the failed “reset” policy designed to win closer ties to Russia.