• Daily Illinois
  • About
  • Contact
  • Privacy
  • Terms
  • DMCA
  • Sitemap
  • Write For Us
Monday, May 23, 2022
Daily illinois - USA | News, Sports & Updates Web Magazine
  • Covid-19
  • News
    • All
    • Business
    • Education
    • Politics
    • Sports
    • World
    ‘I never thought my son would be a hashtag’ mother of culinary student who was shot earlier this month speaks out – Chicago Tribune

    ‘I never thought my son would be a hashtag’ mother of culinary student who was shot earlier this month speaks out – Chicago Tribune

    Supreme Court decision makes it tougher for inmates to win release from prison

    Supreme Court decision makes it tougher for inmates to win release from prison

    Canelo Alvarez plans next fight to be against Gennadiy Golovkin for third time instead of Dmitry Bivol rematch

    Canelo Alvarez plans next fight to be against Gennadiy Golovkin for third time instead of Dmitry Bivol rematch

    Dream Center moves closer reality | News

    Dream Center moves closer reality | News

    Pandemic school reopenings were not just about politics

    Pandemic school reopenings were not just about politics

    “Dirty Jobs” host Mike Rowe’s hair was all over the place before he entered The CUT Barbershop in uptown Charlotte on Friday, May 20, 2022.

    ‘Dirty Jobs’ host Mike Rowe needed a haircut. A Charlotte stylist left him smiling.

    The expanded child tax credit lifted 3 million children out of poverty. Then, it expired.

    brain lifting weights

    Neuroscientist reveals how to boost your brain health

    Davos 2022: At the World Economic Forum, there’s no ‘business as usual’ in shadow of war

    Davos 2022: At the World Economic Forum, there’s no ‘business as usual’ in shadow of war

    Infinitely Growing Your Business With Gratitude

    Infinitely Growing Your Business With Gratitude

  • Science & Tech
    • All
    • Ai - Artificial Intelligence
    • Apps
    • Mobile
    Roborock Q5+ robot vacuum

    Guest drops Apple Watch at Disney, claims $40,000 in fraud

    Igor Bonifacic

    WhatsApp will end support for iOS 10 and iOS 11 on October 24th

    Two men point guns at each other in On the Count of Three.

    On the Count of Three writers on blending comedy and drama

    Facebook Dating was a catastrophic failure — and I know why

    Facebook Dating was a catastrophic failure — and I know why

    Xiaomi Mi Band 7

    Xiaomi Mi Band 7 release date, images revealed

    Twitter deal leaves Elon Musk with no easy way out

    Twitter deal leaves Elon Musk with no easy way out

    The best cheap gaming headset deals May 2022

    The best cheap gaming headset deals May 2022

    More free COVID rapid tests are available. Here's how to get yours

    More free COVID rapid tests are available. Here’s how to get yours

    "No, I hear you. You're telling me that true 'synergy' can only be achieved through 'blue-sky thinking' and giving it '110 percent,' right?"

    5 major tech annoyances and how to fix them

    Lumen metabolic analyzer update 2

    Lumen metabolic analyzer iOS app gets updated macro tracker

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    Kit Connor (left) and Joe Locke in "Heartstopper," now streaming on Netflix.

    ‘Heartstopper’ Stars Share Hopes For Seasons 2 And 3 Of Queer Teen Smash

    'Downton Abbey' is a box office win for older-skewing movies

    ‘Downton Abbey’ is a box office win for older-skewing movies

    Xella plays at NextFest LA

    NextFest LA plugs the passion of local music into the L.A. Fair

    Chicago City Council delays action on Lightfoot’s curfew crackdown

    Chicago City Council delays action on Lightfoot’s curfew crackdown

    Round 3 of free at-home COVID tests now available from Biden administration – New York Daily News

    Round 3 of free at-home COVID tests now available from Biden administration – New York Daily News

    Twitter can't get over Laura Dern's age in 'Jurassic Park'

    Twitter can’t get over Laura Dern’s age in ‘Jurassic Park’

    Brandy pokes fun at Jack Harlow after not knowing her voice

    Brandy pokes fun at Jack Harlow after not knowing her voice

    Sexual abuse ignored for decades

    Sexual abuse ignored for decades

    President Biden ahead of an Illinois appearance to discuss combatting inflation and high gas prices.

    High gas prices could be alleviated by the Consumer Fuel Price Gouging Prevention Act — if it passes the Senate

    A woman stands in front of sheer curtains with her hands in her coat pockets.

    ‘Downton Abbey’ star Michelle Dockery wants more sequels

    • F95zone
  • Lifestyle
    • All
    • Fashion
    • Food
    • Travel
    Savory Experiments’ Mexican Street Corn Dip is "perfect for parties and potlucks," Jessica Formicola from Savory Experiments says.

    Go beyond the cob: 3 corn dip recipes to try this summer

    ‘Obi-Wan Kenobi’: Trailers, Release Date and Everything to Know About the Star Wars Show

    From left to right: George Washington statue in front of Independence Hall, the famous LOVE sculpture and the view from the Four Seasons Hotel Philadelphia.

    How To Take The Ultimate Vacation In Philadelphia, Pennsylvania

    Beauty Teas for Healthier Skin, Hair and Nails

    Beauty Teas for Healthier Skin, Hair and Nails

    Hershey adds distribution centers to boost capacity ahead of Halloween

    Hershey adds distribution centers to boost capacity ahead of Halloween

    The façade of a cannabis dispensary at night with a sign that reads The Artist Tree.

    8 tips for going to L.A.’s only open weed bar

    Celebs you didn't know are cousins

    Celebs you didn’t know are cousins

    These 10 companies help pay for their employees’ vacations

    These 10 companies help pay for their employees’ vacations

    Image may contain: Bottle, Shaker, and Shampoo

    25 AAPI Beauty Brands to Shop From

    Consumers Want It All for Their Pets, and Manufacturers Are Ready to Deliver: CRB’s Horizons Pet Food Report

    Consumers Want It All for Their Pets, and Manufacturers Are Ready to Deliver: CRB’s Horizons Pet Food Report

33 °f
Chicago
35 ° Sat
35 ° Sun
35 ° Mon
37 ° Tue
No Result
View All Result
Daily illinois - USA | News, Sports & Updates Web Magazine
  • Covid-19
  • News
    • All
    • Business
    • Education
    • Politics
    • Sports
    • World
    ‘I never thought my son would be a hashtag’ mother of culinary student who was shot earlier this month speaks out – Chicago Tribune

    ‘I never thought my son would be a hashtag’ mother of culinary student who was shot earlier this month speaks out – Chicago Tribune

    Supreme Court decision makes it tougher for inmates to win release from prison

    Supreme Court decision makes it tougher for inmates to win release from prison

    Canelo Alvarez plans next fight to be against Gennadiy Golovkin for third time instead of Dmitry Bivol rematch

    Canelo Alvarez plans next fight to be against Gennadiy Golovkin for third time instead of Dmitry Bivol rematch

    Dream Center moves closer reality | News

    Dream Center moves closer reality | News

    Pandemic school reopenings were not just about politics

    Pandemic school reopenings were not just about politics

    “Dirty Jobs” host Mike Rowe’s hair was all over the place before he entered The CUT Barbershop in uptown Charlotte on Friday, May 20, 2022.

    ‘Dirty Jobs’ host Mike Rowe needed a haircut. A Charlotte stylist left him smiling.

    The expanded child tax credit lifted 3 million children out of poverty. Then, it expired.

    brain lifting weights

    Neuroscientist reveals how to boost your brain health

    Davos 2022: At the World Economic Forum, there’s no ‘business as usual’ in shadow of war

    Davos 2022: At the World Economic Forum, there’s no ‘business as usual’ in shadow of war

    Infinitely Growing Your Business With Gratitude

    Infinitely Growing Your Business With Gratitude

  • Science & Tech
    • All
    • Ai - Artificial Intelligence
    • Apps
    • Mobile
    Roborock Q5+ robot vacuum

    Guest drops Apple Watch at Disney, claims $40,000 in fraud

    Igor Bonifacic

    WhatsApp will end support for iOS 10 and iOS 11 on October 24th

    Two men point guns at each other in On the Count of Three.

    On the Count of Three writers on blending comedy and drama

    Facebook Dating was a catastrophic failure — and I know why

    Facebook Dating was a catastrophic failure — and I know why

    Xiaomi Mi Band 7

    Xiaomi Mi Band 7 release date, images revealed

    Twitter deal leaves Elon Musk with no easy way out

    Twitter deal leaves Elon Musk with no easy way out

    The best cheap gaming headset deals May 2022

    The best cheap gaming headset deals May 2022

    More free COVID rapid tests are available. Here's how to get yours

    More free COVID rapid tests are available. Here’s how to get yours

    "No, I hear you. You're telling me that true 'synergy' can only be achieved through 'blue-sky thinking' and giving it '110 percent,' right?"

    5 major tech annoyances and how to fix them

    Lumen metabolic analyzer update 2

    Lumen metabolic analyzer iOS app gets updated macro tracker

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    Kit Connor (left) and Joe Locke in "Heartstopper," now streaming on Netflix.

    ‘Heartstopper’ Stars Share Hopes For Seasons 2 And 3 Of Queer Teen Smash

    'Downton Abbey' is a box office win for older-skewing movies

    ‘Downton Abbey’ is a box office win for older-skewing movies

    Xella plays at NextFest LA

    NextFest LA plugs the passion of local music into the L.A. Fair

    Chicago City Council delays action on Lightfoot’s curfew crackdown

    Chicago City Council delays action on Lightfoot’s curfew crackdown

    Round 3 of free at-home COVID tests now available from Biden administration – New York Daily News

    Round 3 of free at-home COVID tests now available from Biden administration – New York Daily News

    Twitter can't get over Laura Dern's age in 'Jurassic Park'

    Twitter can’t get over Laura Dern’s age in ‘Jurassic Park’

    Brandy pokes fun at Jack Harlow after not knowing her voice

    Brandy pokes fun at Jack Harlow after not knowing her voice

    Sexual abuse ignored for decades

    Sexual abuse ignored for decades

    President Biden ahead of an Illinois appearance to discuss combatting inflation and high gas prices.

    High gas prices could be alleviated by the Consumer Fuel Price Gouging Prevention Act — if it passes the Senate

    A woman stands in front of sheer curtains with her hands in her coat pockets.

    ‘Downton Abbey’ star Michelle Dockery wants more sequels

    • F95zone
  • Lifestyle
    • All
    • Fashion
    • Food
    • Travel
    Savory Experiments’ Mexican Street Corn Dip is "perfect for parties and potlucks," Jessica Formicola from Savory Experiments says.

    Go beyond the cob: 3 corn dip recipes to try this summer

    ‘Obi-Wan Kenobi’: Trailers, Release Date and Everything to Know About the Star Wars Show

    From left to right: George Washington statue in front of Independence Hall, the famous LOVE sculpture and the view from the Four Seasons Hotel Philadelphia.

    How To Take The Ultimate Vacation In Philadelphia, Pennsylvania

    Beauty Teas for Healthier Skin, Hair and Nails

    Beauty Teas for Healthier Skin, Hair and Nails

    Hershey adds distribution centers to boost capacity ahead of Halloween

    Hershey adds distribution centers to boost capacity ahead of Halloween

    The façade of a cannabis dispensary at night with a sign that reads The Artist Tree.

    8 tips for going to L.A.’s only open weed bar

    Celebs you didn't know are cousins

    Celebs you didn’t know are cousins

    These 10 companies help pay for their employees’ vacations

    These 10 companies help pay for their employees’ vacations

    Image may contain: Bottle, Shaker, and Shampoo

    25 AAPI Beauty Brands to Shop From

    Consumers Want It All for Their Pets, and Manufacturers Are Ready to Deliver: CRB’s Horizons Pet Food Report

    Consumers Want It All for Their Pets, and Manufacturers Are Ready to Deliver: CRB’s Horizons Pet Food Report

33 °f
Chicago
35 ° Sat
35 ° Sun
35 ° Mon
37 ° Tue
No Result
View All Result
Daily illinois - USA | News, Sports & Updates Web Magazine
No Result
View All Result
Home Covid-19

Major Donor to Britain’s Conservative Party Linked to Russian Corruption Scandal

by Staff Writer
December 21, 2020
in Covid-19
Reading Time: 5 mins read
0
Major Donor to Britain’s Conservative Party Linked to Russian Corruption Scandal
497
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Investigation by the Bureau of Investigative Journalism.

Related posts

Gov. Ron DeSantis delivers remarks at the Conservative Political Action Committee (CPAC) conference in Orlando, Florida, on Feb. 24, 2022.

Ready for Ron PAC urges DeSantis to run for president in 2024

May 23, 2022
Theories emerge for mysterious liver illnesses in children

Theories emerge for mysterious liver illnesses in children

May 23, 2022

A Russian tycoon whose company and its directors have donated £1 million ($1.3 million) to the Conservative party has been linked to an historic corruption scandal in his home country that involved businesses he was connected with pocketing enormous commissions for state contracts, the Bureau of Investigative Journalism can reveal.

Viktor Fedotov, 73, was the chairman of two companies that made more than $100 million from a pipeline construction project found to be mired in fraud, costing the Russian state vast sums.

In August this year Fedotov was revealed to be the owner of Aquind, a company that has donated heavily to the Conservative party while seeking ministerial approval for a $1.5 billion energy infrastructure project, the building of an underwater power cable running from Portsmouth in England to France.

“The public will be rightly disgusted that a Russian oligarch appears to enjoy privileged access to the prime minister.”

— Angela Rayner, deputy leader of the Labour Party

In a 2008 internal review, the Russian state pipeline monopoly Transneft questioned why certain companies, including one chaired by Fedotov, had received huge commissions for work it passed on to subcontractors, depriving the state-owned company of valuable resources. It led to a criminal investigation but no charges were filed and Fedotov was not personally accused of any wrongdoing.

The report was first made public in 2010 by Alexei Navalny—the Russian opposition campaigner who survived a Novichok poisoning this year—and raises questions over the man in control of Aquind, a company that, together with its director Alexander Temerko, has donated to the Tory chancellor Rishi Sunak, business secretary Alok Sharma and Northern Ireland secretary Brandon Lewis. The historic commission report raises the issue of the source of a part of Fedetov’s wealth.

Transneft conducted its review after a change in leadership and summarised its conclusions in the report. Fedotov was not identified in the report and the Bureau of Investigative Journalism confirmed his position at the companies through company records.

Temerko, who has no connection to the Transneft report, has donated just under $925,000 to the Tory party since gaining British citizenship in 2011. The party has accepted £243,900 ($323,000) in donations from Aquind since March 2019, when Fedotov assumed sole ownership.

The issue of political donations takes on new urgency as the Planning Inspectorate is due to advise the government whether to approve Aquind’s infrastructure project in March 2021.

“These reports raise yet more serious questions about why the Conservative party is happy to be bankrolled by Fedotov and Aquind,” said Labour’s deputy leader, Angela Rayner. “The public will be rightly disgusted that a Russian oligarch appears to enjoy privileged access to the prime minister and government ministers because of his huge donations to the Conservative party.”

Tory insiders expressed dismay that the party had accepted donations from Aquind seemingly without seeking a full picture of how its owner amassed his wealth. “There is a part of the party which really doesn’t want to see donations coming in when we don’t really know where it’s from—and especially when the donor is awaiting some sort of government decision,” said one senior Tory lawmaker.

A party spokesperson said: “Donations to the Conservative party are properly and transparently declared to the Electoral Commission, published by them, and comply fully with the law.”

Boris Johnson’s government has already been hit by a series of scandals in which Conservative donors and others with personal connections to party leaders have landed COVID-related contracts worth billions or secured lucrative decisions in their favor.

Steve Goodridge of the campaign group Transparency International UK said: “Any politician or political party ought to have a clear understanding of the nature of their benefactors. Undertaking thorough due diligence on those who sponsor your activities is a robust safeguard against subsequent embarrassment or scandal. We urge politicians to think not only whether the funds they receive are lawful, but also whether accepting them shows good judgment.”

Many lawmakers had expressed misgivings over the lack of transparency surrounding Aquind’s ownership before Fedotov was revealed as its owner (via a Luxembourg company) by The Times in August.

Longtime allies

Fedotov, Temerko and Semyon Vainshtok—a former president of Transneft who was briefly a director for a company in the Aquind group—have been sowing the seeds of their involvement in the British energy sector since December 2006, when they met at a private drinks party at Kensington Palace held under the auspices of Prince Michael of Kent, the Queen’s cousin.

The event was organised by Vainshtok’s daughter Inna and hosted by Temerko, whose time at the top of Russia’s oil industry overlapped with that of Fedotov and Vainshtok and who was living in exile in London after Vladimir Putin’s regime had attacked his former employer, Yukos. (The previous year, the Russian state had failed in its attempt to have him extradited, with a judge dismissing the charges of fraud as politically motivated.) According to a source with knowledge of the event, Vainshtok attended the party along with Fedotov, with whom he shares a long business history in Russia’s murky world of energy deals.

“[Pipelines] are political instruments of Putin and everybody understands they are losing money… But the guys who are building pipelines get very, very wealthy.”

— Mikhail Krutikhin, partner at RusEnergy

Two months later, Temerko joined the board of directors at SLP Engineering, a now bankrupt U.K.-based sister company to Aquind that built offshore oil platforms. The following year he was joined there by both Fedotov and Vainshtok, who had just left a post he was appointed to by Putin, overseeing the preparations for the Sochi Winter Olympics.

Vainshtok had been president of Transneft for eight years, leaving in 2007, but it was not until 2010 that the details of the commissions scandal during his time there were made public by Navalny, the poisoned opposition activist.

Navalny’s revelations were based on a Transneft review of its own contracts, undertaken after Vainshtok left the state monopoly. The review scrutinised deals awarded for the construction of the Eastern Siberia-Pacific Ocean oil pipeline during Vainshtok’s time as president. It said contracts worth 303 billion rubles (about $4 billion) had been awarded—more than half of them to companies doing little more than taking a commission and finding other operators to do the work. Vainshtok was not the subject of any specific findings or proceedings.

Fedotov was the chairman of two companies that, according to the review, had benefited from the contracts: the All-Russian Research Institute for Construction and Operation of Pipelines, Enterprises of Fuel and Gas Sector—known by its Russian acronym, VNIIST—and IP Network.

The Bureau of Investigative Journalism, which identified Fedotov as the chairman of VNIIST and IP Network in company filings, was not able to independently corroborate the allegations contained in Transneft’s internal review.

Mikhail Krutikhin, a partner at the Moscow-based research consultancy RusEnergy, highlighted the level of corruption that has historically surrounded Russia’s state-commissioned energy projects. “They are political instruments of Putin and everybody understands they are losing money, they are not generating profit,” Krutikhin said. “But the guys who are building pipelines get very, very wealthy from building unnecessary, redundant pipelines. The same was true for the oil pipeline to the Pacific coast.”

Transneft’s report led to a 2009 criminal investigation into allegations of the embezzlement of funds by companies it had hired as contractors, but the investigation did not result in any further proceedings.

The Bureau made a number of attempts to contact Fedotov regarding the story but received no response.

Aquind’s connections to Britain’s ruling party run deeper than donations. Months after losing his seat in the 2017 general election, the former Tory lawmaker James Wharton took up a paid role advising the board of Aquind. He went on to become the campaign manager for Boris Johnson’s successful bid for party leadership and was selected by Johnson for a life peerage this year. In September he took up a seat in the House of Lords, as Baron Wharton of Yarm, and remains in his role advising the board of Aquind, according to his LinkedIn profile.

Another Tory member of the House of Lords, Lord Martin Callanan, sat on Aquind’s board of directors for more than a year, until the end of June 2017. In July this year, the government appointed him to an international anti-corruption role.

Source by [author_name]

Related

Tags: BritainRussia
Share199Tweet124Share50

Latest News - Daily illinois

‘I never thought my son would be a hashtag’ mother of culinary student who was shot earlier this month speaks out – Chicago Tribune

‘I never thought my son would be a hashtag’ mother of culinary student who was shot earlier this month speaks out – Chicago Tribune

May 23, 2022
Gov. Ron DeSantis delivers remarks at the Conservative Political Action Committee (CPAC) conference in Orlando, Florida, on Feb. 24, 2022.

Ready for Ron PAC urges DeSantis to run for president in 2024

May 23, 2022
Kit Connor (left) and Joe Locke in "Heartstopper," now streaming on Netflix.

‘Heartstopper’ Stars Share Hopes For Seasons 2 And 3 Of Queer Teen Smash

May 23, 2022
'Downton Abbey' is a box office win for older-skewing movies

‘Downton Abbey’ is a box office win for older-skewing movies

May 23, 2022
Xella plays at NextFest LA

NextFest LA plugs the passion of local music into the L.A. Fair

May 23, 2022
Chicago City Council delays action on Lightfoot’s curfew crackdown

Chicago City Council delays action on Lightfoot’s curfew crackdown

May 23, 2022

HBO Max: The 38 Best TV Shows to Watch

May 23, 2022
NEW YORK, NY - OCTOBER 24: L.G.B.T. activists and their supporters rally in support of transgender people on the steps of New York City Hall, October 24, 2018 in New York City. (Photo by Drew Angerer/Getty Images)

Transsexual pioneer criticizes modern trans activists, says they’re indoctrinating kids: ‘This isn’t a game’

May 23, 2022
Daily illinois - USA | News, Sports & Updates Web Magazine

Copyright © 2020 Dailyillinois.com.

Navigate Site

  • Daily Illinois
  • About
  • Contact
  • Privacy
  • Terms
  • DMCA
  • Sitemap
  • Write For Us

Follow Us

No Result
View All Result
  • About Us Page
  • Contact
  • Daily illinois
  • DMCA Policy
  • Privacy Policy
  • Submit, Guest Post, Write For Us and Become a Contributor
  • Terms of Use

Copyright © 2020 Dailyillinois.com.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.