Russian billionaire Vadim Moshkovich, founder of Rusagro, faces charges of embezzling 30 billion roubles ($357 million). His arrest is among the most high-profile in Russia’s business world in recent years.
Prosecutors on Wednesday charged Vadim Moshkovich, the billionaire founder of Russia’s leading agricultural company, Rusagro, with embezzling 30 billion roubles ($357 million), according to state news agency TASS.
Moshkovich, a former member of Russia’s upper legislative chamber who, according to Forbes, has a fortune of $2.7 billion, was arrested last week alongside another senior Rusagro executive.
A Moscow court ordered his pre-trial detention for two months last Thursday. If found guilty, he could face up to 10 years in prison.
TASS reported that the charges stem from a transaction to acquire an 85% stake in the Solnechnie Produkty oil and fats company from its founder, in exchange for an investment that was never made.
Moshkovich has denied any wrongdoing.
His prosecution, after rising from selling computers in post-Soviet Russia to establishing one of the country’s most influential agricultural conglomerates, has sent shockwaves through Russia’s business elite.
It marks the most high-profile arrest of a Russian businessman since Ziyavudin Magomedov, founder of the Summa shipping and logistics group, was detained in 2018, and Vladimir Yevtushenkov, a shareholder in AFK Sistema, was placed under house arrest in 2014.
Israel’s cabinet on Sunday approved measures aimed at expanding state oversight of land in the occupied West Bank and facilitating land purchases by...
...
Iran is pursuing a nuclear agreement with the U.S. that delivers economic benefits for both sides, an Iranian diplomat was reported as saying on Sunda...
Azerbaijani President Ilham Aliyev and Serbian President Aleksandar Vučić reaffirmed their countries’ strategic partnership in Belgrade on Sunday ...
Italy will participate as an observer in the White House initiative of 'Board of Peace,' Prime Minister Giorgia Meloni confirmed on Sunday (15 Februar...
U.S. Ambassador to NATO Matthew Whitaker said China has the power to bring an end to Russia’s war in Ukraine, arguing that Beijing is enabling Moscow’s military campaign.
American figure skating star Ilia Malinin endured a dramatic collapse in the men’s free skate on Friday night, falling twice and tumbling out of medal contention at the Milan Cortina Winter Olympics as Kazakhstan’s Mikhail Shaidorov surged to a surprise gold medal.
“Respected and feared globally,” U.S. President Donald Trump told troops at Fort Bragg on Friday (13 February), framing America’s renewed strength against to mounting pressure on Iran amid stalled nuclear talks.
Speaking at Munich Security Conference, Ukrainian foreign minister Andrii Sybiha calls for decisive steps ahead of expected Geneva talks
Thousands of fans packed River Plate’s Monumental Stadium in Buenos Aires on Friday for the first of three sold-out concerts by Puerto Rican reggaeton star Bad Bunny, as part of his “Debí Tirar Más Fotos” World Tour.
The Somali Army carried out a targeted airstrike in southern Somalia, killing 15 al-Shabaab militants, the country’s Defence Ministry said on Sunday.
U.S. Secretary of State Marco Rubio on Sunday (15 February) called it “troubling” a report by five European allies blaming Russia for killing late Kremlin critic Alexei Navalny using a toxin from poison dart frogs.
Former U.S. President Barack Obama has criticised a video shared by President Donald Trump depicting him and former first lady Michelle Obama as apes, describing it as “deeply troubling”.
U.S. Secretary of State Marco Rubio will begin a two-day visit to Slovakia and Hungary on Sunday (15 February), aimed at strengthening ties with the two Central European nations, whose leaders have maintained close relations with President Donald Trump.
The Munich Security Conference concludes on Sunday (15 February) with discussions centred on Europe’s role in an increasingly unstable global landscape, including security coordination, economic competitiveness and the protection of democratic values.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment