Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Charlie Kirk shot dead
  • Nepal protests
  • Russia-Poland tension
  • Israeli strikes in Qatar
  • Larry Ellison
  • Apple event
  • Sunjay Kapur inheritance row
fp-logo
Facebook and Twitter had received major investment from Russia-linked firms: Paradise Papers
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit

Facebook and Twitter had received major investment from Russia-linked firms: Paradise Papers

Indo Asian News Service • November 6, 2017, 12:32:35 IST
Whatsapp Facebook Twitter

The documents called “Paradise Papers”, were obtained by German newspaper SUddeutsche Zeitung and reviewed by the International Consortium of Investigative Journalists (ICIJ) and several media outlets across the globe.

Advertisement
Subscribe Join Us
Choose
Firstpost on Google
Choose
Firstpost on Google
Facebook and Twitter had received major investment from Russia-linked firms: Paradise Papers

As the US Congress investigates Russia’s interference in the 2016 US election by using social media giants, a new trove of confidential documents has revealed that Facebook and Twitter received major investments from firms with ties to Kremlin-owned corporations. [caption id=“attachment_4158763” align=“alignleft” width=“380”] ![The Twitter app icon. Reuters](https://images.firstpost.com/wp-content/uploads/2017/10/Twitter-Reuters-380.png) The Twitter app icon. Reuters[/caption] The documents called “ **Paradise Papers** ”, were obtained by German newspaper SUddeutsche Zeitung and reviewed by the International Consortium of Investigative Journalists (ICIJ) and several media outlets across the globe. According to the ICIJ, the records show that one of the Kremlin-owned firms, VTB Bank, quietly directed $191 million into an investment fund, DST Global, which is owned by billionaire Yuri Milner, that used the money to buy a large stake in Twitter in 2011. “They also show that a subsidiary of the Kremlin-controlled energy giant Gazprom heavily funded an offshore company that partnered with DST Global in a large investment in Facebook,” the ICIJ said in a statement on Monday. Milner and other partners in the deals reaped large gains when they sold their stakes shortly after Facebook’s initial public offering in 2012 and Twitter’s in 2013. The **disclosure** shows that years before Russia meddled in the 2016 US presidential election, the Kremlin had a financial interest in the US social media. Facebook and Twitter, however, said they had properly reviewed Milner’s investments. In response to questions from the ICIJ and its partners, Milner said the investments his firm makes, including the Twitter and Facebook deals, have always been based on business merits and have nothing to do with politics. VTB also confirmed that it had invested in Twitter through Milner’s firm DST Global. The documents also revealed that Apple was seeking out a new tax shelter around Europe and the Caribbean, ReCode reported. In an email obtained by the ICIJ, an Apple lawyer inquired about whether moving to one of the six tax havens would allow its Irish subsidiary to “conduct management activities … without being subject to taxation in these jurisdictions”. In August, Apple had come under fire for striking a deal with the Irish government that allowed it to avoid paying virtually any taxes in many of its global markets. The European Commission ordered Apple to pay $13 billion in back taxes.

Tags
facebook Twitter Apple Tax Havens US Russia Panama Papers Russia linked ads Appleby Paradise papers
  • Home
  • Tech
  • News & Analysis
  • Facebook and Twitter had received major investment from Russia-linked firms: Paradise Papers
End of Article
Latest News
Find us on YouTube
Subscribe
  • Home
  • Tech
  • News & Analysis
  • Facebook and Twitter had received major investment from Russia-linked firms: Paradise Papers
End of Article

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Enjoying the news?

Get the latest stories delivered straight to your inbox.

Subscribe
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV