Podesta — best known as Hillary Clinton’s 2016 presidential campaign chairman and former President Bill Clinton’s White House chief of staff — first made contact with the Russian firm in 2011, when he joined the boards and executive committees of three related entities: Boston-based Joule Unlimited; Rotterdam-based Joule Global Holdings; Joule Global Stichting, the company’s controlling interest. All are high-tech renewable energy enterprises.
Three months after Podesta’s arrival, Joule Unlimited accepted a 1 billion ruble investment from Rusnano, amounting to $35 million in U.S. currency. The firm also awarded a Joule board seat in February 2012 to Anatoly Chubais, Rusnano’s CEO, who has been depicted as a corrupt figure.
Podesta has attempted to downplay his relationship with Joule and Rusnano, but it could come to haunt him.
One potential legal problem for him relates to the time he joined former President Barack Obama’s White House staff in 2014 as a senior counselor and failed to reveal his 2011 Joule stock vesting agreement in his government financial disclosure form.
Further, he failed to disclose 75,000 common shares of Joule stock he received, as disclosed in a WikiLeaks email.
After Podesta began working at the White House, his lawyer indicated in a Jan. 6, 2014 email that he had not yet finished the legal work on the private transfer of the stock to a family-owned entity called Leonido Holdings, LLC.
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