Putin 'picture of corruption'—US Treasury official | Inquirer News

Putin ‘picture of corruption’—US Treasury official

/ 12:57 PM January 26, 2016
Vladimir Putin

Russian President Vladimir Putin addresses a regional meeting of pro-Kremlin United Peoples’ Front in Stavropol, on Monday, Jan. 25, 2016. Sputnik, Kremlin Pool Photo via AP

LONDON, United Kingdom—An official of the United States government has directly accused Russian President Vladimir Putin of corruption, in a BBC program that airs Monday.

The US government imposed sanctions against a number of Kremlin insiders in 2014 after Russia’s annexation of Crimea in Ukraine, but did not accuse Putin of direct involvement in corruption.


However, during a Panorama investigation into Putin’s “secret riches,” the acting under secretary for terrorism and financial intelligence at the US Treasury said Putin was a “picture of corruption.”

“We’ve seen him enriching his friends, his close allies, and marginalizing those who he doesn’t view as friends using state assets,” Adam Szubin, who oversees US Treasury sanctions, told the Panorama program, in an unusually strong statement from the government on Putin’s personal finances.


“Whether that’s Russia’s energy wealth, whether it’s other state contracts, he directs those to whom he believes will serve him and excludes those who don’t. To me, that is a picture of corruption.”

The US government has know about this for “many, many years,” he added.

The program cited a secret CIA report from 2007 stating that Putin’s wealth stood at around $40 billion (37 billion euros).

“He supposedly draws a state salary of something like $110,000 a year,” said Szubin. “That is not an accurate statement of the man’s wealth, and he has long time training and practices in terms of how to mask his actual wealth.”

The program also has an interview with Dimitry Skarga, who used to run state shipping company Sovcomflot.

He claims he managed the transfer of a $35-million yacht to Putin from Chelsea football club owner Roman Abramovich, whose lawyers dismissed the claims as speculation.

Putin’s spokesman told the BBC that “none of these questions or issues needs to be answered, as they are pure fiction”.


Putin previously scoffed at claims he was Europe’s richest man, saying: “It’s simply rubbish. They just picked all of it out of someone’s nose and smeared it across their little papers.”

Moscow also on Thursday dismissed as a “joke” a British inquiry’s findings that Putin “probably approved” the killing of ex-spy Alexander Litvinenko a decade ago in London.


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