Early Facebook backer tied to Russia bank, Kushner platform
Add BT as a preferred source
New York
A PROMINENT Silicon Valley investor who was an early backer of Facebook Inc partnered in two investments with the Russian state-controlled bank VTB Bank PJSC before it was sanctioned, his spokesman has confirmed.
Yuri Milner, the Russian-born founder of DST Global, also invested US$850,000 of his personal money last year in Cadre, a real-estate investing platform co-founded and partially owned by the family of Jared Kushner, US President Donald Trump's son-in-law and senior adviser. Mr Milner's spokesman said that VTB played no part in his Cadre investment, which was done solely on the business merits of Cadre.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Scaling Berli Jucker’s retail empire – daughter of Thai beer billionaire seeks growth outside home country
