Russian tycoon Rotenberg’s firms granted loans to Sunbarn for deal

MOSCOW, Apr 5 (PRIME) -- Loans granted to off-shore company Sunbarn, allegedly connected to cellist Sergei Roldugin, by companies of Russian businessman Arkady Rotenberg are reimbursable and were issued for a deal on commercial conditions, a representative for Rotenberg told PRIME late on Monday.

On Sunday, media published documents allegedly coming from Panama’s law firm Mossack Fonseca, which indicate involvement of some world leaders in offshore schemes. The materials include provision of loans totaling U.S. $185–231 million by companies of Rotenberg and his son Igor to Sunbarn in 2013.

“Loans that were issued by our companies to Sunbarn are significantly smaller than the mentioned sum. They are reimbursable and were issued for a deal and on commercial conditions. The loans will mature in 2023,” the representative for Rotenberg said without mentioning the sum of loans or disclosing details of the deal.

The authenticity of documents has not been officially confirmed by anyone, including Mossack Fonseca. One of the company’s founders, Ramon Fonseca, said in an interview to Panama’s television channel TVN that some documents had been stolen from the company, but did not elaborate on the matter.

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