Bidder for Forbes has ties to Russia, Putin

One of many buyers in talks to amass Forbes is SUN Group, an organization with 58 years of expertise working intently with Russia and that ceaselessly flaunts its shut ties to the Kremlin and Russian President Vladimir Putin, studies James Marks of

Marks studies, “A overview of public information and information studies reveals that India-based SUN Group’s principals, particularly its Vice-Chairman Shiv Khemka, who lived in Russia for 22 years, have a private relationship with Putin and an extended historical past of facilitating Moscow’s agenda all over the world. SUN Group’s connections to Putin and the Russian state are sprawling and embrace ties to sanctioned corporations in Russia’s protection trade and banking sector.

“Whereas at this time’s enterprise media panorama is more and more international, Forbes – and its 55 million month-to-month guests – definitely current a gorgeous takeover goal for a overseas adversary, particularly due to the dominant market share it instructions with crucial U.S. audiences.”

He later writes, “A CFIUS overview of SUN Group’s bid for Forbes can also be warranted given the platform it might probably present Putin to form U.S. opinion. A overview might begin with SUN Group’s ties to sanctioned Russian companies, most notably Rostec, a state-owned protection agency.”

Learn extra here.