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Russian billionaire Mikhalchenko appeals detention

12:58 01/04/2016

MOSCOW, April 1 (RAPSI) - Billionaire Dmitry Mikhalchenko, who stands charged with alcohol trafficking, has filed an appeal against his detention, the Basmanny District Court’s spokesperson Yunona Tsareva told RAPSI on Friday.

Mikhalchenko, CEO of Forum Holding Company, was arrested on March 29.  On March 30, the court ordered the detention of the businessman until May 29.

Investigators believe that Mikhalchenko organized trafficking of alcoholic products from countries of the European Union.

Forum Holding Company established in 2011 is one of the largest multibusiness companies in Saint-Petersburg.

The company has united several dozens of the city’s enterprises and organizations. Forum Holding consists of industrial enterprises, such as "Spinning Mill named after S.M. Kirov", oldest textile industry enterprise in Russia, "Izmeron" factory, one of technological leaders of Russian downhole equipment market, according to the company’s website.

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Russian billionaire Mikhalchenko appeals detention

12:58 01/04/2016 Billionaire Dmitry Mikhalchenko, who stands charged with alcohol trafficking, has filed an appeal against his detention.
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