Rosinvest's interests included shipbuilding, construction, and lumber/timber processing.
Kolesnikov is reported as saying that Abramovich and the other donors to health projects acted 'nobly', implying they were unaware that a significant proportion of their donations was being diverted into an investment vehicle allegedly run for the benefit of the President and his partners in Rosinvest.
Kolesnikov's letter to Medvedev and subsequent media interviews, including to Novaya Gazeta, David Ignatius of The Washington Post and Masha Gessen of Snob.ru, give the following account of what the whistleblower revealed was known to its participants as "Project South".
In early 2000, Nikolai Terentievich Shamalov, a representative of the multinational company Siemens AG in North West Russia and somebody thought close to Russia's new President Vladimir Putin, approached Kolesnikov with a business proposition.
In 2005, when around 0 million had been reached, Rosinvest, a subsidiary of the Swiss registered company Lirus Management, was established to invest the money in Russia.
Thus, according to Kolesnikov, Petromed claimed to have spent Abramovich's 3 million, but in fact spent 0 million.
It was also through Petromed that Kolesnikov had got to know Putin, on whose behalf Shamalov said he made the approach. Petersburg Council on External Economic affairs which when Petromed became a private company in 1992 held a 51% stake.
Putin's plan, as delineated by Shamalov to Kolesnikov, was: some extremely wealthy Russian businessmen were to provide large sums of money which were to be spent on improving Russia's healthcare infrastructure.
etc., is a large Italianate palace complex located on the Black Sea coast near the village of Praskoveevka in Gelendzhik, Krasnodar Krai, Russia.
While officially dismissed in 2010 by Vladimir Putin's spokesman Dmitry Peskov, it has been claimed that the dacha was built for the personal use of Putin, and that its construction began during his first Presidency.