Vladimir Putin’s son-in-law ‘bought $380m of shares for $100’

WION Web Team
NEW DELHI Published: Dec 08, 2020, 02:23 PM(IST)

Kirill Shamalov(left) and Katerina Tikhonova. Photograph:( Twitter )

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Kirill Shamalov acquired 3.8% of petrochemicals producer Sibur through a web of offshore companies months after marrying Katerina Tikhonova.

Kirill Shamalov, a Russian businessman who was married to Vladimir Putin’s daughter received an estimated $380m (£283m) stake in a Russian petrochemicals company for just $100, an investigation by Russia’s iStories investigative outlet has claimed.

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. 

Kirill Shamalov, 38, married Mr Putin’s youngest daughter, Katerina Tikhonova, 34, in 2013.

After their marriage, the couple reportedly bought lavish homes in Russia and the south of France alongside expensive goods such as a 50,000 euro carpet and 5700 euro worth of Japanese books. Commenting on its findings, poisoned opposition leader Alexei Navalny said that ‘it’s simple, Putin’s daughter gets married and the newlyweds receive a present of $380 million’.

(With inputs from agencies)

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