Everything about Gennady Timchenko totally explained
Gennady Nikolayevich Timchenko (also spelled
Guennadi Timtchenko; ) is a prominent
Russian businessman, citizen of both Russia and
Finland, currently living in
Geneva,
Switzerland. The May 2008 issue of Russian
Forbes listed him for the first time in its
Golden Hundred of Russia's richest and introduced him and another new entrant to the
List Yuriy Kovalchuk as "good acqaintances of
Vladimir Putin." The magazine placed him at number 43 (Russians only list) with estimated fortune of $2.500 million. In May 2008, he publicly maintained that his "career of more than 20 years in the oil industry hasn't been built on favours or political connections".
He served in the
First Chief Directorate of
KGB (Foreign intelligence). In 1987 – 1994 he led the state-owned
Kirishineftekhimexport enterprise.
He is also believed to have full control over Swiss oil trading company
Gunvor Services SA.
In February
2004,
Ivan Rybkin, a contender running for the Russian presidency, former speaker of the
State Duma and former member of the
Security Council of the Russian Federation, claimed that incumbent Russian President
Vladimir Putin was involved in shady business activities together with Timchenko, and that Timchenko effectively had control over Russian oil giant
Surgutneftegaz. It was later alleged that Putin controlled thirty seven percent share of
Surgutneftegaz.
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