Big Conservative Party donor Viktor Fedotov linked to Russian corruption scandal

Bureau of Investigative Journalism investigation.

A Russian tycoon whose company and its executives donated £ 1million ($ 1.3million) to the Conservative Party has been linked to a landmark corruption scandal in his home country that involved companies he was in bound to pocket huge commissions for state contracts, the Bureau of Investigative Journalism may reveal.

Viktor Fedotov, 73, was the chairman of two companies that made more than $ 100 million from an oil pipeline project that turned out to be mired in fraud, costing the Russian state huge amounts of money. are.

In August of this year, Fedotov was revealed to be the owner of Aquind, a company that made big donations to the Conservative Party while seeking ministerial approval for a $ 1.5 billion energy infrastructure project, the construction of a submarine electric cable connecting Portsmouth in England to France. .

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

– Angela Rayner, Deputy Leader of the Labor Party

In a 2008 internal review, Russia’s state pipeline monopoly, Transneft, asked why some companies, including one chaired by Fedotov, received huge commissions for work that they passed on to subcontractors, depriving the public enterprise of precious resources. This led to a criminal investigation but no charges were laid and Fedotov was not personally charged with any wrongdoing.

The report was first made public in 2010 by Alexei Navalny – the Russian opposition activist who survived poisoning in Novichok this year – and raises questions about the man who controls Aquind, a company that, together with its director Alexander Temerko, donated to the Conservative Chancellor Rishi Sunak, Business Secretary Alok Sharma and Northern Ireland Secretary Brandon Lewis. The commission’s landmark report raises the question of where some of Fedetov’s wealth came from.

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