President of Russia (2000–2008) (2012-present); Prime Minister of Russia (2008-2012)
Vladimir Putin
Associates in the data:
About
Billionaire brothers Arkady and Boris Rotenberg had the incredible good fortune of being childhood friends of Russian President Vladimir Putin. As teenagers, they bonded with Putin over Sambo, a Russian martial art, and judo. Arkady Rotenberg has insisted that they don’t get preferential treatment from Putin, but during his tenure as Russian leader the brothers have amassed a multibillion dollar fortune in part through lucrative contracts with state and state-owned companies . In March 2014, they were placed under U.S. sanctions for providing support to, and benefiting from, “Putin’s pet projects” including “approximately $7 billion in contracts for the Sochi Olympic Games.”In the data
Arkady and Boris Rotenberg were owners of at least seven companies registered in the British Virgin Islands, six with the help of Markom Management, a company that stayed in touch with Mossack Fonseca on behalf of the Rotenbergs. Arkady Rotenberg was connected to four of the companies and Boris Rotenberg to three of them . The companies often acted as interlocking shareholders alongside Markom, which was formerly SP Management. The firms were involved in everything from investing in a major pipeline construction company (through Causeway Consulting from Arkady Rotenberg) to buying equipment for the construction of an Italian villa in Tuscany for Arkady’s son Igor Rotenberg (through Highland Ventures Group from Boris Rotenberg). Arkady Rotenberg was also the owner of Honeycomb Holdings Ltd., according to the financial database Orbis . By summer 2015, Markom began to redomicile most of the Rotenbergs’ companies in Cyprus.Response
Arkady and Boris Rotenberg did not respond to a request for comment.
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