Monday, January 31, 2011

Gazprom Management Accused of Self-Dealing

Leading Russian business newspaper Vedomosti published an article saying that many major suppliers of Russian natural gas monopoly Gazprom are associated with friends of Prime Minister Vladimir Putin and with top managers of Gazprom itself. The newspaper checked the publicly available data about Gazprom suppliers against the publicly available data on the ownership of the suppliers and discovered that several suppliers are associated with three Gazprom Board members (owned by their relatives, etc.). The managers categorically deny any conflict of interest. As for affiliation, one of the managers in question, Alexander Ananenkov, ironically commented: “According to Darwin’s theory, we descended from a monkey and, accordingly, are relatives; therefore we are all affiliated.”

http://www.vedomosti.ru/newspaper/article/254083/v_seme_ne_bez_gazproma

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