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Russian billionaire Mikhalchenko to stay detained in alcohol trafficking case

17:34 26/06/2017

MOSCOW, June 26 (RAPSI, Yevgeniya Sokolova) – The Moscow City Court on Monday extended detention of billionaire Dmitry Mikhalchenko, who stands charged with alcohol trafficking, until September 29, RAPSI reports from the courtroom.

Detention of another defendant, Boris Korevsky, was also extended till late September.

Mikhalchenko and Korevsky have pleaded guilty in part.

The third defendant in the case, Anatoly Kindzersky, who has pleaded guilty, is currently under house arrest.

Mikhalchenko, CEO of Forum Holding Company, was arrested and detained in late March 2016. Investigators believe that he has organized trafficking of alcoholic products from countries of the European Union. Reportedly, the caused damage is estimated at more than 61 million rubles ($1 million).

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 to stay detained in alcohol trafficking case

17:34 26/06/2017 The Moscow City Court on Monday extended detention of billionaire Dmitry Mikhalchenko, who stands charged with alcohol trafficking, until September 29.
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