Psy Group’s parent company Protexer Limited is registered in the British Virgin Islands. Another subsidiary of Protexer, MGTM Financial Services Limited is controlled by the Metropol Group in Moscow, a multi-billion dollar Russian consortium. Metropol is controlled by Russian billionaire Mikhail Slipenchuk, a member of the State Duma in Vladimir Putin’s United Russia party from 2011– early 2016. Trident Trust in Cyprus is the ultimate owner of Psy Group