MOSCOW (Reuters) – A grand estate on the Black Sea, allegedly built for Russian President Vladimir Putin, was partly funded by taxpayer money from a $1 billion hospital project, a Reuters investigation indicates.
Two allies of the Russian leader profited from state contracts worth nearly $200 million, according to customs documents and banking transactions examined by Reuters. Nikolai Shamalov and Dmitry Gorelov owned a company that supplied medical equipment to a federal hospital project – initiated by Putin – at prices some medical specialists say were inflated. Full story
Caption: Russia's President Vladimir Putin attends an agreement signing ceremony with China's President Xi Jinping (not pictured) during a bilateral meeting at the Xijiao State Guesthouse ahead of the fourth Conference on Interaction and Confidence Building Measures in Asia (CICA) summit, in Shanghai May 20, 2014. (REUTERS/Carlos Barria)