Putin admits Panama Papers information is ‘accurate’


Vladimir Putin gesturing while he speaks to journalists after an annual Q&A (Question and Answer) live-broadcast nationwide television and radio session 'Direct Line with Vladimir Putin' in Moscow, Russia, 14 April 2016. President Putin during the broadcast spoke directly with people from around the country and answered their questions.

Putin: Panama Papers information is ‘accurate’, but the money was spent on ‘musical instruments’.

Vladimir Putin acknowledged Thursday that the information contained in the Panama papers and involving some of his closest friends is accurate. Putin, nevertheless, gave assurances that there was nothing illegal there and claimed that the funds had been spent on musical instruments.
The Panama Papers revealed that Putin's associates, notably cellist Sergei Roldugin, "secretly shuffled as much as $2 billion through banks and shadow companies," according to the International Consortium of Investi...

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