1. GRAFT

    Medical Scam Funded ‘Putin’s Palace’

    President of Russia Vladimir Putin attends an informal meeting of the Collective Security Treaty Organization (CSTO) at the Kremlin in Moscow, May 8, 2014. REUTERS/Sergei Karpukhin (RUSSIA  - Tags: POLITICS HEADSHOT) - RTR3OAE8

    Sergei Karpukhin/Reuters

    According to a Reuters investigation, millions of dollars ($48 million to be exact) were funneled by wealthy business associates of Vladimir Putin to a luxury property on the Black Sea that has become known as “Putin’s Palace.” The millions of dollars came from a high-profile scam from 2005 to 2010, in which medical suppliers were making millions by gouging hospitals as part of a health-care improvement program set up by Putin. A total of 104 people were charged in the investigations, except for the two associates of Putin. Those two not only were not charged, but also sent $84 million of the proceeds to Swiss banks as well as the $48 million to the palace. Putin has denied owning the luxury property.

    Read it at Reuters