Oleg Tinkov sold shares in Tinkoff for $ 325 million – part of the money will go to the fund to fight blood cancer

Another part – on the “settlement of personal legal problems.”

The founder and shareholder of TCS Group Holding (Tinkoff Bank and Tinkoff Insurance), Oleg Tinkov, announced the sale of a $ 325 million stake in Tinkoff, which is owned by his family’s trust. His statement to vc.ru was transferred by the trust.

According to the entrepreneur, of this amount, up to $ 200 million will be directed to the creation of a charitable foundation of the Tinkov family, designed to solve the problems of blood cancer and the development of the institution of donation. Tinkov announced plans to create a fund in July 2020 after bone marrow transplantation. In March, the businessman spoke about the leukemia found in him.

He will also use some of the money to “settle personal legal problems”. In February, TCS Group Holding announced a hearing initiated by the US government.

The Ministry of Justice accuses Tinkov of hiding $ 1 billion in assets when leaving US citizenship in 2013. In early March, Tinkov was released on bail as part of the case; the hearings themselves were postponed several times. The group emphasized that Tinkov is participating in the meeting as a private person.

After the sale of shares, the Tinkov family trust will have over 35%, it will be one of the largest shareholders. Oleg Tinkov said that his family is legally obligated not to sell the company’s papers for at least the next six months.

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