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Russian court arrests fled Ukrainian-born developer in embezzlement case in absentia

15:36 11/10/2019

MOSCOW, October 11 (RAPSI) – Moscow’s Tagansky District Court on Friday issued an arrest warrant for the founder of MosCityGroup developing company Pavel Fuks, who stands charged with the 14-billion-ruble embezzlement (about $220 million), in absentia, RAPSI learnt in the court’s press service.

The court therefore granted a motion lodged by investigators.

Earlier, the Ukrainian-born businessman was put on the international wanted list.

Reportedly, the businessman is hiding in Ukraine and he has already managed to sell his Russian assets.

Investigators believe that Fuks has stolen about 14 billion rubles during the construction of Sky House residential complex in central Moscow by signing fictious contracts. The building’s construction began in 2009 and is not still finished.

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Russian court arrests fled Ukrainian-born developer in embezzlement case in absentia

15:36 11/10/2019 Moscow’s Tagansky District Court on Friday issued an arrest warrant for the founder of MosCityGroup developing company Pavel Fuks, who stands charged with the 14-billion-ruble embezzlement (about $220 million), in absentia.
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