Saturday, November 5, 2011

Vitaly Malkin

Vitaly Malkin is a 56 years old Russian business oligarch and politician who was born near the city of Ekaterinburg in the central part of Russia, the administrative center of Sverdlovsk Oblast.

He is married and has three children. His fortune is estimated by Forbes to be $1 billion. According to Swiss media, Malkin has bank accounts in Credit Suisse, Geneva branch.

Malkin built his fortune in the banking sector, notably with his business partner Boris Ivanishvili. The two men founded Bank Rossisskii Kredit, which was the third largest Russian bank until the 1998 financial crisis.

Malkin has been a member of Russian Senate since 2004 and is now officially retired from business.

Malkin represents the east Siberian republic of Buryatia in the Federation Council since 2004.

According to Canadian newspaper National Post, Malkin was denied entry to Canada in May 2009 after a 15 years legal dispute. The Canadian government accuses him of involvement in organized crime (money laundering and international arm trades).

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