All sorts of these shenanigans continue in various forms. I know of one company that received an absurd valuation and funding amount from a Russian oligarch to attack a very difficult and established industry, then got acquired 2 years later by a different Russian company for a large return. They hadn’t built anything, they had leased a large office with open windows on the first floor near mine, and every time I walked by they looked dead inside.
Easy answer - washed a large amount of money for the oligarch after the acquisition (clean transfer from Russian acquirer to oligarch plus its advantageous tax treatment).
Easy answer - washed a large amount of money for the oligarch after the acquisition (clean transfer from Russian acquirer to oligarch plus its advantageous tax treatment).