The report, which was produced in association with Riga-based independent Russian media source Meduza and which can be read in full HERE, suggests that a 12-apartment complex located at 34 Dzintaru prospekts in the exclusive resort is owned by a Latvian company which numbers among its board members Mayya Bolotova and her husband Andrei Bolotov.
Mayya Bolotova is the daughter of Putin confidante Nikolay Tokarev, a major general in the Russian secret service, who served with Putin as a KGB agent in Dresden, East Germany, in the 1980s.
Tokarev is now chairman of Transneft, the company that transports 90% of Russia's oil.
Bolotava is significant as her name appears on the company documents of various other offshore companies named in the report.
Latvia's company register confirms that both Bolotava and her husband are part-owners members of 34 Dzintaru with 13% and 12% of shares respectively, but names Russian citizen Ali Adzhina and Latvian Ivars Rudzitis as the board members.
Nor do the Bolotovs appear to be the only husband and wife team involved in the project as the largest shareholder with a 25% stake is named as Latvian Natalja Rudzite.
The other shareholders are named as Russian citizens Nikolai Chilingarov (17%) and Alexey Chirkov (17%) in addition to the aforementioned Ali Adzhina (16%), who has the same name as a first vice president of Vneshprombank.
However, it should be noted the indirect link between Tokarev and the Jurmala apartments has previously been raised by Latvian Russian-language whistleblowing site, kompromat.lv which has written extensively about links between Chilingarov, Vneshprombank, the Putin regime and the Bolatovs.
A Latvian real estate company has a promotional website describing the real estate project in gushing terms, saying "Every detail has been considered, every nuance has meaning. But you still have the opportunity to give your residence the atmosphere of your dreams."