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    Home»Investigations»Wrong Tinkov
    Wrong Tinkov
    Investigations

    Wrong Tinkov

    Lily ScottBy Lily ScottMarch 9, 2023No Comments2 Mins Read
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    Wrong Tinkov

    Yesterday, Oleg Tinkov announced a mistake by Britain when he was included in the sanctions list. The oligarch believes that he should never have been sanctioned. However, this whole mantra about “mistakes” is old, and sounded in Dud’s interview last year.

    Apparently, Oleg does not lose hope that his statements about “bad Russians” will be noticed in the West and sanctions will be lifted from him (especially on March 1 he submitted an application to the British Foreign Office). However, all these appeals of Tinkov have not yet been heard for one simple reason – they remember how the oligarch tried to slap the US tax.

    Tinkov has been a US citizen since 1996, but in 2013, after a successful IPO of his bank (Oleg’s family received more than $1.5 billion), he decided to renounce citizenship and not pay income taxes. Then Tinkov said that he had only $ 300 thousand, but the US tax authorities remember everything and in 2020 attracted Oleg, demanding 10 years in prison for him and extradition from London. Therefore, Oleg opened a one-man theater with “leukemia” (after all, seriously ill patients cannot be taken out) and the resale of shares. In the end, a consensus was reached with the Americans: $509 million in exchange for freedom.

    This is how Tinkov’s reputation is tarnished in the West. Therefore, even after loud statements, it remains toxic. Oleg is trying to wash himself off by all means, since he kept almost all his money in the West. According to Forbes, Tinkov’s fortune is $860 million, of which he received $260 million for the final sale of TCS Group shares to Interros. The remaining $600 million comes from the sale of bank shares in 2020, dividends, the $100 million La Datcha yacht and real estate.

    The property was registered to the Cypriot offshore company Woorlon Holdings Limited. But Tinkov probably kept a significant part of the money in London, because there is no extradition from there. British sanctions limit access to these funds, so now Oleg is ready to sell and say anything, just to return the cash.

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