Photo: APNew York: A prominent Silicon Valley investor who was an early backer of Facebook Inc. partnered in two investments with the Russian state-controlled bank VTB Bank PJSC before it was sanctioned, his spokesman confirmed Friday. Milner’s spokesman said that VTB played no part in his Cadre investment, which was done solely on the business merits of Cadre. DST and VTB sold their stake in Twitter in 2014 before the sanctions came into effect and exited JD.com in 2015. Milner said in a September interview with Forbes that DST disposed of its Facebook stake in 2012-2013. Jared Kushner has said he would divest his interest in Cadre, but as of the last financial disclosure still held an interest.

Source: Mint November 04, 2017 17:26 UTC