The Russian newspaper,
Novaya Gazeta, launched a two-part investigative series on Russian money-laundering in Monaco and how it connects to Russian Prime Minister Vladimir Putin.
Robert Eringer, head of intelligence to Prince Albert II of Monaco in 2002-2007, is the primary source of the story. Below,
selected excerpts from Eringer's blog:
Monaco scrupulously honours banking secrets and anonymity and does not tax individuals, which is why members of political and business elites from various countries can be spotted among the owners of luxury yachts berthed in Monaco harbour. If you spend a few hours watching the Monaco port, the chances are you will see more than a few prominent Russians.
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