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"He supposedly draws a state salary of something like 0,000 a year," Szubin said.

"That is not an accurate statement of the man's wealth, and he has longtime training and practices in terms of how to mask his actual wealth." Russian political analyst Stanislav Belkovsky told the BBC he had information from “confidential sources” to also put Mr Putin’s wealth at “bn in assets”.

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He listed the ownership of two modest apartments and a share in a car parking garage.

Adam Szubin, acting Treasury secretary for terrorism and financial crimes, said in an interview with BBC Panorama that the Russian president has been amassing secret wealth.

Panorama said Mr Abramovich's lawyers dismissed claims about him as "speculation and rumour".

Mr Szubin said: "We've seen him enriching his friends, his close allies and marginalizing those who he doesn't view as friends using state assets.

The 115-metre Luna was bought by Mr Akhmedov in 2014 from fellow Russian oligarch and Chelsea football club owner Roman Abramovich.

The court heard the yacht, currently in Dubai, is the second-largest expedition yacht in the world.Whether that's Russia's energy wealth, whether it's other state contracts, he directs those to whom he believes will serve him and excludes those who don't.To me, that is a picture of corruption," Szubin was quoted as saying. For his part, Putin has repeatedly said that he has read press reports about his immense wealth, including that he was even the world's richest man, but he has denied those reports as nonsense.Vladimir Putin has a vast personal fortune and may be one of the richest men in the world, according to a number of former Kremlin insiders.From their exiles around the world, they spoke to the BBC for a Panorama investigation into the alleged corruption of the most powerful man in the world. Sergei Kolesnikov told the programme he worked for the Kremlin to collect money from the super-rich, which they believed was to be spent on healthcare, but which was ultimately used “to help build a

The court heard the yacht, currently in Dubai, is the second-largest expedition yacht in the world.Whether that's Russia's energy wealth, whether it's other state contracts, he directs those to whom he believes will serve him and excludes those who don't.To me, that is a picture of corruption," Szubin was quoted as saying. For his part, Putin has repeatedly said that he has read press reports about his immense wealth, including that he was even the world's richest man, but he has denied those reports as nonsense.Vladimir Putin has a vast personal fortune and may be one of the richest men in the world, according to a number of former Kremlin insiders.From their exiles around the world, they spoke to the BBC for a Panorama investigation into the alleged corruption of the most powerful man in the world. Sergei Kolesnikov told the programme he worked for the Kremlin to collect money from the super-rich, which they believed was to be spent on healthcare, but which was ultimately used “to help build a $1 billion palace for Mr Putin on the Black Sea coast”.Mr Kolesnikov was also allegedly filmed discussing Mr Putin’s secret fortune – investments of up to $440 million – with another Kremlin insider.

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The court heard the yacht, currently in Dubai, is the second-largest expedition yacht in the world.

Whether that's Russia's energy wealth, whether it's other state contracts, he directs those to whom he believes will serve him and excludes those who don't.

To me, that is a picture of corruption," Szubin was quoted as saying. For his part, Putin has repeatedly said that he has read press reports about his immense wealth, including that he was even the world's richest man, but he has denied those reports as nonsense.

Vladimir Putin has a vast personal fortune and may be one of the richest men in the world, according to a number of former Kremlin insiders.

From their exiles around the world, they spoke to the BBC for a Panorama investigation into the alleged corruption of the most powerful man in the world. Sergei Kolesnikov told the programme he worked for the Kremlin to collect money from the super-rich, which they believed was to be spent on healthcare, but which was ultimately used “to help build a $1 billion palace for Mr Putin on the Black Sea coast”.

Mr Kolesnikov was also allegedly filmed discussing Mr Putin’s secret fortune – investments of up to $440 million – with another Kremlin insider.

||

The court heard the yacht, currently in Dubai, is the second-largest expedition yacht in the world.

Whether that's Russia's energy wealth, whether it's other state contracts, he directs those to whom he believes will serve him and excludes those who don't.

To me, that is a picture of corruption," Szubin was quoted as saying. For his part, Putin has repeatedly said that he has read press reports about his immense wealth, including that he was even the world's richest man, but he has denied those reports as nonsense.

Vladimir Putin has a vast personal fortune and may be one of the richest men in the world, according to a number of former Kremlin insiders.

billion palace for Mr Putin on the Black Sea coast”.Mr Kolesnikov was also allegedly filmed discussing Mr Putin’s secret fortune – investments of up to 0 million – with another Kremlin insider.

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