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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.

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

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.Dmitry Skarga, who used to run the state shipping company Sovcomflot, says he oversaw the transfer of a m yacht to Mr Putin.Mr Skarga says the 57m-long Olympia was a gift from Britain's most famous Russian - the Chelsea football club owner Roman Abramovich."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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Putin's public financial disclosures depict a man of modest means, as far as world leaders go.

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