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Big News | Monday November 7, 2017
'Russian billionaire invested Kremlin money in social media'
In a series of documents revealed in a fresh leak dubbed as the Paradise Papers, it has been found that investments in two of the biggest technology and social media giants Facebook and Twitter were directed from Russian government controlled institutions. According to reports, Russia's biggest tech investment firm DST global owned by Yuri Milner is believed to have received funds from Kremlin to invest in Facebook and Twitter. The Paradise Papers expose revealed that Milner's biggest investment deals received funding from Gazrprom Investholding, a government-controlled institution and VTB bank, which is a Kremlin-owned firm. Milner's DST owned 8 percent in Facebook and 5 percent in Twitter. DST sold their holding years ago but continues to hold shared in several other tech companies. In his current holding, Milner has shares in a real estate project which is jointly managed by United States President Donald Trump's son-in-law Jared Kushner. Twitter and Facebook have come into focus as part of a federal investigation into Kremlin's interference in the 2016 U.S. elections...Read More