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Escaped defendant in $62 mln embezzlement case involving ex-minister Abyzov arrested

14:51 05/04/2019

MOSCOW, April 5 (RAPSI) – Investigators have arrested a fugitive defendant in the 4-billion-ruble ($62 million) embezzlement case involving ex-Russian Minister for Open Government affairs Mikhail Abyzov, RAPSI has learnt in the Basmanny District Court of Moscow.

On Friday, the court will impose a restrictive measure against CEO of Regional Electrical Services company Sergey Ilichev, according to a court representative. Investigators have filed a motion to detain the defendant.

According to investigators, between April 2011 and November 2014, Abyzov, the owner of several offshore companies, organized and headed a criminal group. The defendant along with his accomplices allegedly embezzled 4 billion rubles from Novosibirsk Region’s Siberian Energy Company and Regional Electrical Services generation and transmission corporations and transferred the money abroad.

A criminal case was opened against Abyzov on March 25. The former minister was arrested the next day. On March 27, Moscow’s Basmanny District Court detained Abyzov until May 25. The defendant’s motion for release on a 1-billion-ruble bail ($15.5 million) was dismissed.

Abyzov pleads not guilty. 

Also, on March 26, the court considered investigators’ motions to detain other alleged members of the criminal group including president of the Novosibirsk Regional Sambo Federation Nikolay Stepanov, board chairman of the First Construction Fund Alexander Pelipasov, deputy CEO of Ru-Com company Maxim Rusakov and finance director of REMIS firm Galina Fraidenberg.  

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Escaped defendant in $62 mln embezzlement case involving ex-minister Abyzov arrested

14:51 05/04/2019 Investigators have arrested a fugitive defendant in the 4-billion-ruble ($62 million) embezzlement case involving ex-Russian Minister for Open Government affairs Mikhail Abyzov.
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