Igor Putin

Igor Alexandrovich Putin (Russian: Игорь Александрович Путин; born 30 March 1953) is a Russian businessman and politician, former vice president of Master Bank. He is a cousin of the Russian President, Vladimir Putin[1][2]

Igor Putin
Born
Igor Alexandrovich Putin

(1953-03-30) 30 March 1953
Leningrad, USSR (now St Petersburg, Russia)
NationalityRussian
EducationRyazan Military Higher School
Occupationbusinessman and politician
Known forformer Vice President of Master Bank
Parent(s)Alexander Putin
RelativesVladimir Putin (cousin)

He is the Chairman of Igor Putin Fund, an investment company supporting and developing the industry in outlandish regions of Russia.[3]

Early life

Igor Putin was born in Leningrad to the family of a Soviet military officer Alexander Putin, a younger brother of Vladimir Putin senior, father of the Russian President. Soon the family moved to Kovrov and then to Ryazan, where Alexander Putin served as an instructor in Ryazan Military Higher School (Ryazanskoye Vysheye Komandnoye Avtombilnoye Uchilische).[1] Igor Putin graduated from Ryazan Military Higher School in 1974.

Career

In 1974–1998 Igor Putin served in the Soviet Army and then in Russian Army. In 1998 he retired from the military and moved to Ryazan. In 1998–2000 he worked in Ryazan Oblast Statistics Committee. In 2000–2005 he worked as the chairman of the Ryazan Licensing Chamber. In 2002 he became the chairman of Ryazan Coordination Committee of the United Russia party. During those years Igor Putin also obtained degrees from the Volgo-Vyatskaya Academy of State Service (2000) and from Moscow Institute of Economics, Management, and Law (2003)[1]

In 2005 Igor Putin moved to Samara to become the chairman of the Samara Reservoir Plant (part of VolgaBurMash holding). In October 2006 Igor Putin changed his political affiliations from the United Russia to A Just Russia political party, but his political uplifting was halted by his cousin who did not want to develop nepotism within the government [4] In 2007 he became a director of AVTOVAZBANK.[1]

In September 2010, Igor Putin became Vice President of Master Bank.[5] In the same month, the bank received a lucrative contract with Russian Nanotechnology Corporation. Still Igor Putin held the vice president position only a few months and retired in December 2010.

In February 2012, he invested in the development of the Murmansk port. At that time, he also owned 51% of Energiya, 40% of Avangard 500, and 25% of Gorizont TV.[6] As of 2013, as Board Chairman of Pechenga International Sea Port, he was a member the Government Marine Board.[7]

Money laundering
Further information: Danske Bank money laundering scandal and Russian Laundromat

His retirement coincided with a criminal investigation in which over 30 million Russian roubles was allegedly stolen from the bank by its employees using IT technologies. The investigation accused a leading IT specialist of the bank, Mery Tevanyan of operating a large illegal business with the daily volume up to 500 million Russian roubles using bank's money. In March 2011, five days after conclusion of the investigations Igor Putin returned to the bank as a director. According to the bank he is not supposed to manage its daily operations. Igor Putin also keeps his position as a director of the AVTOVAZBANK.[8]

In November 2013, the Central Bank of Russia revoked the banking licence of Master Bank following money-laundering scandals. Igor Putin was director of the Board of the bank at the time of the scandal, and had previously served as Vice-President.[9][10]

In 2014, a report by the Organized Crime and Corruption Reporting Project (OCCRP) exposed a $20-billion money-laundering scheme between Russian banks and the Moldovan bank Moldindconbank, scheme where the Russian Land Bank wired $5 billion to the Moldovan bank. Igor Putin was a director of Land Bank, and declared to Forbes Russia that he quit this position when he grew uncomfortable about the suspicious activities of the bank.[11] Other banks associated with Igor Putin were involved in a massive money laundering scheme dubbed the Russian Laundromat.[12] The system moved money through Putin's and other banks using fake loans between offshore, paper companies, bribed Moldovan judges and Moldovan and Latvian banks to move money out of Russia and into Europe.[13] The UK company Lantana Trade LLP, owned by Igor Putin, was the company that triggered the attention of the whistleblower Howard Wilkinson who broke the story after he noticed Lantana Trade was filed dormant in the UK while millions of dollars were going in and out of the company's bank account in Estonia.[14] The OCCRP originally exposed The operation involved $230 billion transferred through Danske Bank.[15] The Russky Zemelny Bank, in which Igor Putin was an investor, shut down that same year for suspicious activities related to a 20-billion money-laundering affair.[16] Igor Putin resigned from the Board of Directors of the Russkiy Zemelny Bank, Promyshlenny Sberegatelny Bank and the construction company Yakut.[17]

In 2017, the banker Alexei Kulikov was arrested for illegally pumping $10 billion out of the country through Promersbank, a bank that held Igor Putin on its Board at the time of this arrest.[16]

Family

His son is Roman Putin, a businessman who set up the Russian firm Putin Consulting in March 2014, and launched the Russian Railways corruption scandal the following month.[18] He has a niece, Vera Putina, sometimes erroneously referred to as the niece of President Putin.[19]

gollark: ~~I am still annoyed about my hatchery being shut down by TJ09 because of ridiculous selective enforcement of reverse engineering terms - it half-fixed viewbombing by taking out eggs which had unsafe amounts of views~~
gollark: I think it's pinned somewhere here.
gollark: Ah, it's on a calendar thing.
gollark: View depriver...?
gollark: Lunar heralds: Stupidly in demand.

References
  1. "Игорь Александрович Путин. Биографическая справка" (in Russian). RIAN. 23 September 2010. Retrieved March 20, 2011.
  2. Lokshina, Yulia; Kisyelyeva, Yevgenia (18 March 2011). "Игорь Путин снова в Мастер-банке". Kommersant. Retrieved March 20, 2011.
  3. "Руководство фонда | Фонд поддержки и развития промышленности регионов". www.fund-putin.ru. Retrieved 2019-08-22.
  4. "DER SPIEGEL 1 2007 - PDF Free Download". epdf.pub. Retrieved 2019-08-22.
  5. elEconomista.es (2010-09-23). "Un primo de Vladímir Putin asume la vicepresidencia de un banco ruso - EcoDiario.es". ecodiario.eleconomista.es (in Spanish). Retrieved 2019-08-22.
  6. Media, IntraFish (2012-02-08). "Putin's cousin invests in Murmansk port". IntraFish | The leader in seafood news, prices and market analysis. Retrieved 2019-08-22.
  7. "Marine Board". archive.government.ru. Retrieved 2019-08-22.
  8. "Двоюродный брат Путина вернулся в Мастер-банк". Grani.ru. Retrieved March 20, 2011.
  9. "Russian cbank withdraws licence of mid-sized Master Bank". Reuters. 2013-11-20. Retrieved 2019-08-22.
  10. Kramer, Andrew E. (2013-11-20). "Russia Revokes License of a Bank With Ties to Putin". The New York Times. ISSN 0362-4331. Retrieved 2019-08-22.
  11. Alpert, Bill. "Probes Show How Russian Money Travels the World". www.barrons.com. Retrieved 2019-08-22.
  12. "The Russian Laundromat". Organized Crime and Corruption Reporting Project. Retrieved Oct 14, 2014.
  13. "The Russian Banks and Putin's Cousin". Organized Crime and Corruption Reporting Project. Retrieved Oct 14, 2014.
  14. "Green Trace – an interesting case". Hiding in plain sight - my search for money launderers. 2019-07-08. Retrieved 2019-08-22.
  15. "How the Danske Bank money-laundering scheme involving $230 billion unraveled". www.cbsnews.com. Retrieved 2019-06-10.
  16. Reznik, Irina; Pismennaya, Evgenia; White, Gregory (19 November 2017). "The Russian Banker Who Knew Too Much". www.bloomberg.com. Retrieved 2019-08-22.
  17. "Putin's cousin has left three offices | Governance | RusLetter". rusletter.com. Retrieved 2019-08-22.
  18. Sukhov, Oleg (2014-04-02). "Putin Relative Accuses Russian Railways of Corruption". The Moscow Times. Retrieved 2019-08-22.
  19. "Does Vladimir Putin Have a Niece?". The Russian Reader. 2017-11-11. Retrieved 2019-08-22.
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