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RU 2021.01.19 Navalny’s Anti-Corruption Foundation investigates Putin, the Russian President.

Navalny’s Anti-Corruption Foundation investigates the Russian president’s billion-dollar residence on the Black Sea

Alexey Navalny’s Anti-Corruption Foundation has released a bombshell investigation into a $1.35-billion residence built for Russian President Vladimir Putin near a resort town on the Black Sea. Navalny’s team published the report the day after the opposition figure was put in pre-trial detention at Moscow’s notorious Matrosskaya Tishina prison. In addition to sharing the building’s floor plan and visualizations of the interiors, the anti-corruption activists recount the history of the construction project and dig into how it was financed by companies connected to members of Putin’s inner circle. “Meduza” sums up the highlights from the investigation.

Not far from the Black Sea resort town of Gelendzhik, there is a 17,700-square-meter (more than 190,500-square-foot) palace built exclusively for Russian President Vladimir Putin, says a new investigation from Alexey Navalny’s non-profit, the Anti-Corruption Foundation (FBK).

A word about the palace first got out in 2010 — it was revealed by businessman Sergey Kolesnikov, who claimed to have been involved in the building project. Kolesnikov published plans, contracts, and other documents linked to the construction and said that the project was being overseen by businessman Nikolai Shamalov on behalf of Vladimir Putin. This provoked a major media scandal, and a few months later, Shamalov sold the property to billionaire businessman Alexander Ponomarenko, who said he planned to finish building the palace as a hotel complex……………………………………..

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