Amid offshore furore, Putin says he earned $134,000 last year

April 17, 2016 00:11

Russian President Vladimir Putin declared frugal earnings worth some $134,000 (Rs 89.3 lakh) last year after the leaked Panama Papers revealed the vast offshore holdings of his close circle.

Putin in his annual declaration for 2015 declared earnings that were up $18,600 (Rs 12 lakh) on last year at the current exchange rate.

He said he still owns the same meagre property as last year: a 77-square-metre flat, a garage, three Soviet-era cars and a trailer.

The Russian leader's latest declaration came after the International Consortium of Investigative Journalists found his close friend cellist Sergei Roldugin headed an offshore empire that had apparently controlled around $2 billion.

Putin has denied any corruption, saying that Roldugin used the money to buy musical instruments including a Stradivari cello.

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