until 2015, Vardanyan co-headed Sberbank CIB, also holding posts of adviser to the CEO of Sberbank and chairman of the board. By 2013, Forbes estimated Vardanyan's net worth at $800 mln. On 4 March 2019, the Organized Crime and Corruption Reporting Project (OCCRP) published an investigation on the Troika Laundromat, reporting on its network of 76 offshore companies, facilitating around $4.6 bln. Later Vardanyan commented on the investigation, stating that the company "always strived to perform only under the strict principles of legitimacy and transparency". Austrian prosecution service found no grounds to open an official investigation on the offshore network of Troika Dialog. Investment projects after Troika In 2013 Vardanyan along with Mikhail Broitman started Vardanyan, Broitman and Co, an investment company. As of 2018, Vardanyan owned 75% of the company. Its assets include shares in Ameriabank, UFS Transport operator, and several venture projects (Lamoda, Pronutria, NtechLab). Major investments are placed in real estate management. In 2013 Vardanyan acquired a 50% share in Avica Management Company, an investment fund, established by Gagik Adibekyan's RD Group. In February 2018 the partners announced a split, dividing real estate assets of estimated $1 bln value. Accprding to the settlement, Vardanyan was to keep office spaces, including Romanov Dvor and Vozdvizhenka business centres. Also in 2018 Vardanyan and Global Blue announced the launch of Global Blue Russia, a first tax-refunding company in Russia. In 2015 Ruben Vardanyan launched "Phoenix Advisors", a company engaged in family welfare protection, management and succession planning. In 2020, the Anti-Corruption Foundation, a Russian NGO led by Russian opposition figure Alexey Navalny, published an investigation which concerned Santerna Holdings Limited, a company owned by Vardanyan. Citing Santerna's publicly available annual reports, the investigation found that, in 2016, Santerna invested almost $33.45 million in Luchano, a spa business owned by Gulsina Minnikhanova, the wife of the President of Tatarstan Rustam Minnikhanov. The annual reports showed that Santerna's auditors applied a $26.8 million impairment charge shortly after the investment, reducing Santerna's stake in Luchano to $6.6 million. In 2018, Santerna made another investment of $10 million in Luchano. Months later, the same auditors applied another impairment charge, further bringing down the value of Santerna's investment, to $5 million. Based on this financial activity, whereby Santerna willingly overpaid twice, the Anti-Corruption Foundation asserted that Vardanyan's company made two disguised gifts, or bribes, to the wife of the President of Tatarstan. In the aftermath