Finnish company owned secret share in Russian bank.
A Finnish company secretly owned shares in ‘Putin’s Bank’. Evgeni Malov and Gennadi Timtschenko were involved in creating the bank. This has caused concern about financial connections.
The company is based in Lappeenranta, Finland. It was created by Russian businessman Evgeni Malov. Oligarch Gennadi Timtschenko was also involved. ‘Putin’s Bank’ is a large oil trading company. This situation raises questions about possible breaking of financial rules.
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Highlights
Finnish Company Held Share
A Finnish company in Lappeenranta secretly owned a share.
'Putin's Bank' Ownership
The company secretly owned a share in ‘Putin’s Bank’ (VTB).
Malov and Timtschenko Involved
Evgeni Malov and Gennadi Timtschenko created the bank.
Financial Connections Questioned
The ownership raises questions about financial connections.
Potential Sanctions Violations
The revelation raises questions about potential sanctions violations.