Panama Papers President Putin rejects corruption allegation

Speaking in St. Petersburg, Putin said though his name was not mentioned in the report, Western media published claims that he was corrupt.

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Vladimir Putin

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President Vladimir Putin has rejected corruption charges leveled against him over the panama papers, and claims his opponents are trying to destabilise the country.

READ MORE:What to know about the Panama report

Speaking in St. Petersburg, Putin said though his name was not mentioned in the report, Western media published claims that he was corrupt.

Panama Papers revealed how powerful politicians hide money in tax Havens.

"There is a certain friend of the president, he did such and such a thing, and there is probably a corruption element there, but there isn't any," Mr Putin said.

Russia's opponents "are worried by the unity of the Russian nation... and that is why they are attempting to rock us from within, to make us more obedient," he added..

READ MORE:15 facts you may have missed about the Panama Papers

He also hailed hailed his friend, cellist Sergei Roldugin, who is accused in the report as the owner of two offshore firms which made millions in suspicious deals.

He noted that Roldugin had donated most of his money he had earned from musical  instruments and donating to state institution.

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