Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Evtushenkov Remains Under House Arrest
15.11.2014 15:38
Evtushenkov Remains Under House Arrest
Photo Credit: http://fedpress.ru

Vladimir Evtushenkov will remain under house arrest until March, says a ruling of the Moscow court.

      The head of AFK Sistema pledged he would not leave the country and earlier, his management issued a statement saying they would not appeal the decision of the Commercial Court of Moscow which ruled to return Bashneft’s stocks to the state.

      The court ruled in favour of the prosecutors, just like it did earlier when it ordered to re-nationalize the oil company's shares.

      The judge satisfied the request of the prosecutors who insisted that the privatization deal had been fraught with violations.

      Sistema purchased Bashneft from the son of Bashkortostan’s former leader. According to the police, that son privatized the assets illegally and laundered the funds by selling this major oil company to Yevtushenkov’s Sistema at what they claim was a lower price.

      According to the corporate press release, “Sistema's management believes that the acquisition of BashTEK group was legal and transparent. The company is fully cooperating with the investigation and intends to use all legal means to defend its position.”

      Rumours around the detention include Rosneft’s push to buy Bashneft at a cheap price to ramp up its production capabilities amid sanctions limiting Igor Sechin’s plans to develop offshore fields.

      Rosneft, and its CEO Igor Sechin personally, strongly rejected the allegations but many still compare the Yevtushenkov case with the trial of another Russian oligarch, Mikhail Khodorkovsky.  




Author: Mikhail Vesely

Tags: Bashneft Sistema Vladimir Evtushenkov   

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit


Ïàðòåð


TAGS:
Mercedes-Benz Fashion Week Russia  Kliment Timiryazev  Sergei Magnitsky  Russian business  Motorhead  Treasures  Sberbank  Petropavlovsk-Kamchatsky  Gazprom  Communication Satellites  Russian opposition activists  Open Innovations  St. Petersburg  Amur Region  alcohol price  Russian mobile operators  Russian actors  Yablonovsky  White Stone Architecture  Aeronautical Engineering  Russian tourism  Alexander Tretyakov  Sayano-Shushensky Nature Reserve   Russian Cinema  Andrei Panin  Fashion  Russian scientists  Altay Krai   The Romanov Family  City Hunter  Christmas  technology  funny pictures  ethno village  Mstislav Rostropovich Music Festival  Fairs in Moscow  USA  Moscow  Vologda  Exhibitions in Moscow  Peace March  Russian rouble  Russian festivals  Russian economy  Russian science  LGBT in Russia  Russian transport  Exhibition Fair  Primorsky Territory  Sokolniki 


Travel Blogs
Top Traveling Sites