New reports out over the weekend have quietly revealed a master hatched plan by the Russian government to use a Kensington-based development site to make a fortune. According to the Mail on Sunday, Putin bought a swath of development-ready land back in 2006 in which he plans to use to build about 255 flats that would later be sold. It is a revealing development in the quest by many governments to keep Putin from making money outside of Russia. It is unclear if the UK government intends to intervene to stop this from happening or to seize the land and the development.
The same paper also revealed that Moscow-backed banker Elena Kotova, the lady long convicted of corruption, is closely tied to the deal via applications to council boards in Kensington and Chelsea two very exclusive areas of London. According to the applications, the address for the development is listed at 245 Warwick Road, Kensington. The applications for the development at least in part appear to have been approved dating back as far as 2012.
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