The Federal Security Service, the main KGB successor agency, said Friday the searches were part of a probe into alleged tax evasion. It added that the investigation is continuing.
Some Russian media have speculated that the searches could have been aimed at pressuring Prokhorov into surrendering control over his media assets. They include RBC, an online newspaper that has published reports of the Kremlin, including a detailed account of the so-called Panama Papers, which contained details on secretive offshore accounts and shell companies set up for wealthy clients around the globe.
The searches on Thursday went on just as President Vladimir Putin held his annual call-in TV show. Putin's spokesman Dmitry Peskov strongly denied any link between the searches and Prokhorov's media assets.
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