Vladimir Yevtushenkov
Russian billionaire Vladimir Yevtushenkov has been placed under house arrest on suspicion of money-laundering, prompting shares in his company Sistema to plunge. The Moscow Exchange temporarily restricted trading in Sistema as shares in the oil and telecom group fell 37%. The head of a top business group has questioned the reason behind the arrest of Mr Yevtushenkov, 65.
Russian billionaire Vladimir Yevtushenkov has been placed under house arrest on suspicion of money-laundering, prompting shares in his company Sistema to plunge. The Moscow Exchange temporarily restricted trading in Sistema as shares in the oil and telecom group fell 37%. The head of a top business group has questioned the reason behind the arrest of Mr Yevtushenkov, 65.
But President Vladimir Putin's spokesman denied any political motive. Mr Yevtushenkov has an estimated fortune of $4.4bn (£2.6bn; 3.4bn euros), according to Forbes. His AFK Sistema group owns Russia's biggest mobile operator MTS as well as oil firm Bashneft. Bashneft shares also fell by more than 20% on Wednesday and trading was temporarily restricted. Russia's Federal Investigative Committee said he had been accused of money laundering that involved the illegal acquisition of oil assets in the BashTek group in the Russian republic of Bashkortostan. In 2009, Sistema bought six BashTek companies, which were then taken over by Bashneft.
INC News, 17/09/2014-via BBC
No comments:
Post a Comment