Walmart’s winx electronic devices division has lost a whopping $300 million to a company that has ties to a Kremlin-backed Kremlin-linked billionaire.
The company, owned by Russian billionaire Alexander Oreshkin, was spun off in February after it was revealed that Oreshkins son had been caught up in a bribery investigation.
Walmart did not immediately respond to a request for comment from TheWrap.
But the move comes after TheWashPost published a series of reports showing that the Trump campaign had used a Kremlin supported company to buy nearly $300k worth of electronics.
A former U.S. official familiar with the matter told TheWapTimes that the winx division of Walmart purchased a Russian company called Walrus, which has ties in the Russian government.
A spokesman for Walrus said he had no immediate comment.
Walrus is one of many Russian companies that have bought U.s. electronics, including electronic gadgets such as TVs and mobile phones.
Oreshkin’s company is now the third largest electronics company in Russia.
The Russian government has a history of meddling in the U.K., where Oreshks company has made millions of dollars from foreign companies selling electronics to foreign customers.
The company also sold a $50 million deal to purchase American video game company Electronic Arts, the first U.k. company to be sold by a foreign company to a U.e. company.
The sale to EA was halted after it emerged that the buyer had been convicted of embezzlement and tax evasion.