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Uralkali to cooperate with investigators in Baumgertner's case

12:14 08/11/2013

MOSCOW, November 8 (RAPSI) - The world's largest potash producer Uralkali is prepared to cooperate with investigators in the case of the company's CEO Vladislav Baumgertner, who was charged with abuse of power in absentia, Uralkali Board Chairman Alexander Voloshin told PRIME business news agency.

Uralkali will also do whatever is necessary for protection of the company and its shareholders, Voloshin added.

Baumgertner was detained in Minsk on August 26. According to the Belarusian authorities, the criminal case against him was launched as the result of a probe into abuse of power allegations that led to grave damage to the public interests of Belarus, and damages to the company Belarusian Potash.

The charges followed a July decision by Uralkali to dissolve its international cartel with Belaruskali, sending potash prices spiraling down. Baumgertner remains in Minsk since he was placed under house arrest in September.

Belarus President Alexander Lukashenko said that Baumgertner might be extradited to Russia if he covers the alleged losses.

A criminal investigation into the chief executive of the world's largest potash producer was opened in Russia on October 15. On October 21, Moscow's Basmanny District court issued an arrest warrant in absentia for Baumgertner.

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Uralkali to cooperate with investigators in Baumgertner's case

12:14 08/11/2013 The world's largest potash producer Uralkali is prepared to cooperate with investigators in the case of the company's CEO Vladislav Baumgertner who was charged with abuse of power in absentia, Uralkali Board Chairman Alexander Voloshin told PRIME business news agency.
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