Большой Кремлёвский дворец
From 1993–2000, he was Head of the Presidential Property Management Department of the Russian Federation. According to the investigative journalist Jake Bernstein (2019), in that role Borodin signed a contract with a Swiss to renovate the Grand Kremlin Palace. Other contracts followed, as well as around $30 million on kickbacks that Borodin distributed to friends and fellow officials, including to then-president Boris Yeltsin (p. 92).