Leading the way?

1592 Words4 Pages

Leading the way?
Enormous case of corruption. Kremlin property Chief, Pavel Borodin signed contracts with foreign firms worth billions, all the money was transferred through Swiss banks. In 1998 the Swiss authorities noticed some irregularities with the transactions and opened up a formal inquiry through Carla Del Ponte (Swiss Federal Prosecutor) lead by her counterpart, Yuri Skuratov (Russian Prosecutor General). He soon suspected a huge money laundering operation, Hidden behind the Kremlin’s Golden doors. Pavel and his team profited from their close connection to the President, Vladimir Putin, to inflate the cost of their work, this allowed them to create contracts for several times the real price and pocket the difference. One of the Swiss partners profiting from Borodin’s schemes was a Swiss company called Mabetex with whom he signed a contract for 350 million USD for “interior decoration”. The scandal threatened to engulf even the president of Russia, Boris Yeltsin and by the end 1990’s Boris was gravely ill that he was barely able to govern to such a point that when I had a meeting with the U.S President, the CIA were not even sure if he was even alive. Nearing the end of his rule, Boris became close to several political and non-political figures, these figures made up a sort of political group based around Boris, the group was given the name “the family”. The family consisted of, Boris’s daughter Tatiana, her future husband Yumashev, the business men, Boris Berezovsky, and finally, Roman Abramovich. When the family took notice of Vladimir Putin, Russia was changed forever.
In the Autumn of 1998, the kremlin tight circle and the family were searching for a new Prime Minister for Yeltsin to appoint, the Russian constitution m...

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