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Russian election official's grandson reportedly bought luxury apartment worth half a billion rubles when he was just four years old

The Anti-Corruption Foundation, which was founded by Russian opposition politician Alexey Navalny, has released a report regarding real estate that formerly belonged to Artur Ebzeyev, the grandson of Central Election Commission member Boris Ebzeyev. The apartment in question included 274 square meters (2,949 square feet) of floorspace and is currently valued at about half a billion rubles ($7.6 million).

The younger Abzeyev purchased the apartment in 2009, when he was four years old. Four years later, he sold the apartment to a British Virgin Islands-based offshore company and became the co-owner of a country home outside Moscow.

Alexey Navalny emphasized that because both Boris Ebzeyev and his son, also named Boris, have spent their careers in government service, their salaries alone could not have enabled them to afford properties of that caliber.