our documents reveal how mr fedotov and two macro transneft managers secretly owned one of transneft�s actually done by transneft itself. the profits were funnelled through a series of offshore companies before ending up in three trusts. two were controlled by the transneft managers, the third by mr viktor fedotov. it looks like they use their secret trusts to siphon off more than $100 million of transneft�*s money. if people are able to construct a scheme whereby they can extract for doing nothing $100 million plus out of government funds, then the real loser are the men, women and children who rely on the government to give them education, health, roads, social services. lawyers for aquind said there was no evidence that funds were embezzled from transneft. they say official investigations refuted the findings of the original audit. mr fedotov denies any allegations of wrongdoing and says he has never had any interest in british politics and has operated in an open and transparent manner throughout the course of his career. we think some of mr fedotov�*s money from transneft has end

viktor fedotov denies transneft.ions of wrongdoing, and he never had any interest in british politics and has operated in an open and transparent manner. some of the money from the alleged fraud ended up in the uk helping to pay for viktor fedotov�*s impressive country house. it also funded his company aquind and his donations to the conservative party. the prime minister today defended the vetting process. i see that story today but what i can say on that one is that all these donations are vetted in these donations are vetted in the normal way in accordance with rules that were actually set up under the labor government, so we have had in the whole time. by, government, so we have had in the whole time.— the whole time. a conservative party spokesman _ the whole time. a conservative party spokesman says - party spokesman says fundraising is a legitimate part of the democratic process and government policy is in no way influenced by donations. still to come a bit later in the programme, we will be looking at how chi

owned company that was awarded transneft contracts. for work that was never done. now the files show how profits from the transneft contracts were pushed through offshore companies to secretive trusts controlled by mr fedotov and the two other men. it looks like they siphoned off more than $100 million from transneft. if people are able to construct a scheme whereby they can extract, for doing nothing, $100 million plus, out of government funds, then the real loser are the men, women and children who rely on the government to give them education, health, roads, social services. lawyers for aquind and viktor fedotov said there was no evidence that funds were embezzled from transneft. mr fedotov denies any allegations of wrongdoing and he never had any interest in british politics and has operated in an open and transparent manner. some of the money from the alleged fraud ended up in the uk, helping to pay for viktor fedotov�*s impressive country house. it also funded his company, aquind, and its donations to the conservative party. the

owned company that was awarded transneft contracts.at the company was paid huge sums for work that was never done. now, the files show how profits from the transneft contracts were pushed through offshore companies to secretive trusts controlled by mr fedotov and the two other men. it looks like they siphoned off more than $100 million from transneft. if people are able to construct a scheme whereby they can extract, for doing nothing, $100 million plus, out of government funds, then the real loser are the men, women and children who rely on the government to give them education, health, roads, social services. lawyers for aquind and mr fedotov says there was no evidence that funds were embezzled from transneft. mr fedotov denies any allegations of wrongdoing, and he never had any interest in british politics and has operated in an open and transparent manner. some of the money from the alleged fraud ended up in the uk, helping to pay for mr fedotov�*s impressive country house. it also funded his company aquind and his donations to the

they reveal how he and two managers of transneft, the russian state oil firm, took money from a pipeliner fedotov, aquind is his company, say there was no evidence that funds were embezzled from transneft. mr fedotov denies any allegations of wrongdoing, and never had any interest in british politics and has always worked in an open, transparent manner. the conservatives say compliance was made and checks were made. 12 million documents analysed by the guardian, the bbc panorama programme and so on, that is in the pandora papers. a while back we had the panama papers. i think there are a number of others in between beginning with the letter p as well. what i want to know is, is anything changing? a lot of the people who are putting their money into the offshore accounts are doing it legally. are we seeing governments, given these revelations, the latest today, actually changing the system? not yet, out of today�*s revelations, but maybe that would be a bit quick, but certainly since the panama papers back in 2016 there have been reforms was to david cameron was put on the back foot by so