Рейтинг@Mail.ru
RusEng

News

Austrian court refuses to extradite Bashneft ex-CEO to Russia

16:23 09/03/2016

MOSCOW, March 9 (RAPSI) – The Vienna Regional Criminal Court  has refused to extradite former Bashneft CEO Ural Rakhimov to Russia where he stands accused of embezzling over 210 billion rubles (about $2.9 billion), RIA Novosti reported on Wednesday.

“I can’t say if he is going to stay in Austria but this time he will not be extradited to Russia,” the court’s judge Christina Salzborn said.

Salzborn did not rule out a possibility of other attempts by Russia to extradite Rakhimov, although additional arguments would be needed to make it happen.

Bashneft was controlled by the government of Russia’s Bashkortostan region until 2003, when a major stake was sold to companies affiliated with Ural Rakhimov, son of the former head of Bashkortostan Murtaza Rakhimov.

The company was privatized in 2009, when Russian oil-to-telecoms conglomerate Sistema gained control of it.

A court in Moscow ruled that Bashneft was privatized in violation of law. The Prosecutor General's Office brought a suit to return a 71.6 percent stake in Bashneft to the government. The Moscow Commercial Court ruled on October 30, 2014, in favor of the Prosecutor General's Office.

Rakhimov, who has been living in Austria for the past six years, has reportedly received a residence permit there and hopes to get Austrian citizenship soon.

The Basmanny District Court of Moscow has issued a warrant for Rakhimov’s arrest in absentia.

Share thisE-mail this articlesubmit newsAdd to blogrss feed
Add to blog
To link to this material, copy the code to your blog.
Publishing code:
Preview:

Austrian court refuses to extradite Bashneft ex-CEO to Russia

16:23 09/03/2016 The Vienna Regional Criminal Court has refused to extradite former Bashneft CEO Ural Rakhimov to Russia where he stands accused of embezzling over 210 billion rubles (about $2.9 billion).
Forward news story

All fields are mandatory!

Submit news

All fields are mandatory!

Share this

Top news