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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