Money
Loan
deals
Money
Loan
deals
Igora
Ozon
Sandal-
wood
RCB of
Cyprus
Yuri
Kovalchuk
Boss
Igora
Ozon
Sandal-
wood
RCB of
Cyprus
Mossack
Fonseca
Swiss
lawyers
Bank
Rossiya
Sergei
Roldugin
Friend
How Putin's ‘personal bank’ moved money offshore and returned it to Russia
Yuri
Kovalchuk
Boss
Russian Commercial Bank of Cyprus
A subsidiary of Russia's state-owned VTB bank at the time. RCB made massive unsecured loans to Sandalwood, extending $650m in credit
Sandalwood Continental Ltd
An offshore firm set up in the British Virgin Islands. Between 2009 and 2012 it got more than $1bn in loans. The cash came from state banks and other offshores
Ozon
Ozon owns the private Igora ski resort outside St Petersburg. In 2010/11 Sandalwood lent Ozon $11.3m. Putin's daughter Katya got married at the resort in 2013
Swiss lawyers
Lawyers from Dietrich Baumgartner and Partners in Zurich received instructions from Bank Rossiya and passed them on to Mossack Fonseca
Mossack Fonseca
Panamanian law firm that registers and runs offshore firms. It set up Sandalwood and other offshores linked to Roldugin
Bank Rossiya
Closely associated with Putin and his friends. Its managers were behind billions of dollars in suspicious offshore transactions
Offshore
Facilitators
Russia
Mossack
Fonseca
Swiss
lawyers
Bank
Rossiya
Sergei
Roldugin
Friend
Money
Loan
deals
Yuri
Kovalchuk
Boss
Igora
Ozon
Sandal-
wood
RCB of
Cyprus
Mossack
Fonseca
Swiss
lawyers
Bank
Rossiya
Sergei
Roldugin
Friend
How Putin's ‘personal bank’ moved money offshore and returned it to Russia
Offshore
Facilitators
Russia
Bank Rossiya
Closely associated with Putin and his friends. Its managers were behind billions of dollars in suspicious offshore transactions
Swiss lawyers
Lawyers from Dietrich Baumgartner and Partners in Zurich received instructions from Bank Rossiya and passed them on to Mossack Fonseca
Mossack Fonseca
Panamanian law firm that registers and runs offshore firms. It set up Sandalwood and other offshores linked to Roldugin
Russian Commercial Bank of Cyprus
A subsidiary of Russia's state-owned VTB bank at the time. RCB made massive unsecured loans to Sandalwood, extending $650m in credit
Sandalwood Continental Ltd
An offshore firm set up in the British Virgin Islands. Between 2009 and 2012 it got more than $1bn in loans. The cash came from state banks and other offshores
Ozon
Ozon owns the private Igora ski resort outside St Petersburg. In 2010/11 Sandalwood lent Ozon $11.3m. Putin's daughter Katya got married at the resort in 2013
Russian Commercial Bank of Cyprus
A subsidiary of Russia's state-owned VTB bank at the time. RCB made massive unsecured loans to Sandalwood, extending $650m in credit
Sandalwood Continental Ltd
An offshore firm set up in the British Virgin Islands. Between 2009 and 2012 it got more than $1bn in loans. The cash came from state banks and other offshores
Ozon
Ozon owns the private Igora ski resort outside St Petersburg. In 2010/11 Sandalwood lent Ozon $11.3m. Putin's daughter Katya got married at the resort in 2013
Bank Rossiya
Closely associated with Putin and his friends. Its managers were behind billions of dollars in suspicious offshore transactions
Swiss lawyers
Lawyers from Dietrich Baumgartner and Partners in Zurich received instructions from Bank Rossiya and passed them on to Mossack Fonseca
Mossack Fonseca
Panamanian law firm that registers and runs offshore firms. It set up Sandalwood and other offshores linked to Roldugin
How Putin's ‘personal bank’ moved money offshore and returned it to Russia
Money
Loan deals
Yuri
Kovalchuk
Boss
Offshore
Facilitators
Russia
Igora
Ozon
Sandal-
wood
RCB of
Cyprus
Mossack
Fonseca
Swiss
lawyers
Bank
Rossiya
Sergei
Roldugin
Friend
Russian Commercial Bank of Cyprus
A subsidiary of Russia's state-owned VTB bank at the time. RCB made massive unsecured loans to Sandalwood, extending $650m in credit
Sandalwood Continental Ltd
An offshore firm set up in the British Virgin Islands. Between 2009 and 2012 it got more than $1bn in loans. The cash came from state banks and other offshores
Ozon
Ozon owns the private Igora ski resort outside St Petersburg. In 2010/11 Sandalwood lent Ozon $11.3m. Putin's daughter Katya got married at the resort in 2013
Bank Rossiya
Closely associated with Putin and his friends. Its managers were behind billions of dollars in suspicious offshore transactions
Swiss lawyers
Lawyers from Dietrich Baumgartner and Partners in Zurich received instructions from Bank Rossiya and passed them on to Mossack Fonseca
Mossack Fonseca
Panamanian law firm that registers and runs offshore firms. It set up Sandalwood and other offshores linked to Roldugin
How Putin's ‘personal bank’ moved money offshore and returned it to Russia
Money
Loan deals
Yuri
Kovalchuk
Boss
Offshore
Facilitators
Russia
Igora
Ozon
Sandalwood
RCB of
Cyprus
Mossack
Fonseca
Swiss
lawyers
Bank
Rossiya
Sergei
Roldugin
Friend
How Putin's ‘personal bank’ moved money offshore and returned it to Russia
Money
Loan deals
Yuri
Kovalchuk
Boss
Bank Rossiya
Closely associated with Putin and his friends. Its managers were behind billions of dollars in suspicious offshore transactions
Swiss lawyers
Lawyers from Dietrich Baumgartner and Partners in Zurich received instructions from Bank Rossiya and passed them on to Mossack Fonseca
Mossack Fonseca
Panamanian law firm that registers and runs offshore firms. It set up Sandalwood and other offshores linked to Roldugin
Russian Commercial Bank of Cyprus
A subsidiary of Russia's state-owned VTB bank at the time. RCB made massive unsecured loans to Sandalwood, extending $650m in credit
Sandalwood Continental Ltd
An offshore firm set up in the British Virgin Islands. Between 2009 and 2012 it got more than $1bn in loans. The cash came from state banks and other offshores
Ozon
Ozon owns the private Igora ski resort outside St Petersburg. In 2010/11 Sandalwood lent Ozon $11.3m. Putin's daughter Katya got married at the resort in 2013
Offshore
Facilitators
Russia
Igora
Ozon
Sandalwood
RCB of
Cyprus
Mossack
Fonseca
Swiss
lawyers
Bank
Rossiya
Sergei
Roldugin
Friend