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Renova Group managers charged with bribery to stay under house arrest until March

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14:54 30/11/2017

MOSCOW, November 30 (RAPSI) – The Moscow City Court has extended the house arrest of two managers of the top Russian group of companies Renova, who stand charged with giving about one billion rubles (about $16.5 million) in bribes to the Komi Republic’s officials, the court’s press service has told RAPSI.

Renova Group co-owner Yevgeny Olkhovik and CEO of Renova subsidiary, T Plus Company, Boris Vaynzikher will remain under house arrest until early March.

On August 1, the court released the defendants from detention and placed them under house arrest.

Earlier, a criminal case was opened against some former and acting managers of Kompleksnye Energeticheskiye Sistemy (KES) company, of which T Plus is the legal successor, over alleged corruption. At that time, the offices of the company’s parent holding Renova were also raided.

Three men holding CEO posts in the KES at different time, Olkhovik, Vaynzikher and Mikhail Slobodin are involved in the case. Vaynzikher and Olkhovik were initially put detention. Slobodin, ex-head of the telecommunications giant VimpelCom, has been arrested in absentia. In late July, Russia’s prosecutors turned to Interpol asking it to issue a Red Notice for Slobodin.

According to investigation, between 2007 and 2014, the defendants bribed officials currently involved in the case against ex-head of the Komi Republic Vyacheslav Gaizer. Earlier, investigators claimed that Olkhovik and Vaynzikher had allegedly received 177 and 89 million rubles (about $4.5 million in total) in bribes respectively during their management in the Kompleksnye Energeticheskiye Sistemy and transferred the money to the accounts of affiliated companies.


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Renova Group managers charged with bribery to stay under house arrest until March

14:54 30/11/2017 The Moscow City Court has extended the house arrest of two managers of top Russian group of companies Renova, who stand charged with giving about one billion rubles (about $16.5 million) in bribes to the Komi Republic’s officials.
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