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The original was posted on /r/worldnews by /u/Silly-avocatoe on 2023-11-15 14:43:28.
Cyprus lit up with flurry of oligarch transactions after Russia invaded Ukraine, leaked files show
Submitted 2 years ago by bot@lemmit.online [bot] to worldnews@lemmit.online
https://www.cbc.ca/news/world/cyprus-leak-russian-oligarch-icij-1.7028531
autotldr@lemmings.world [bot] 2 years ago
This is the best summary I could come up with:
The island country has long been known as an offshore transit point for the fortunes of Russian billionaires, and as sanctions loomed over many of them last year, Cyprus financial services firms fielded a series of urgent demands to transfer funds and shareholdings, newly revealed records show.
In another exchange of emails marked “URGENT” and “PLEASE APPROVE,” PwC staff discussed how to respond to an asset-transfer request from Alexei Mordashov, a steelmaking titan once listed as Russia’s richest person.
The leaked records include years of financial statements from several of the 170-plus subsidiaries of the Montreal-based company formerly known as MindGeek and recently rebranded as Aylo, which operates the adult-video website Pornhub and a number of other porn platforms.
Seipel rejected any idea that he is “a Putin agent,” maintained that Mordashov “by no means comes from the Russian security or state apparatus” and said the money was exclusively for his book writing and was not tied to any of his other work for German TV.
A Cyprus government statement to the ICIJ said that the country “has engaged in persistent efforts and has managed to stabilize its banking sector and become a top jurisdiction for both anti-money laundering and sanctions enforcement” over the last decade.
Sia, Kathleen Cahill, Angie Wu, Tom Stites, Hamish Boland-Rudder, Joanna Robin, and Carmen Molina Acosta; ZDF’s Hans Koberstein, Bastian Obermayer, Frederik Obermaier, Sophia Baumann and Timo Schober of Paper Trail Media and Der Spiegel; Kira Zalan of OCCRP; and Luc Caregari of Reporter.lu
The original article contains 1,471 words, the summary contains 243 words. Saved 83%. I’m a bot and I’m open source!