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Fugitive Russian businessman Polonsky arrested in Cambodia

15:34 15/05/2015

MOSCOW, May 15 (RAPSI) – Russian real estate tycoon Sergei Polonsky has been arrested in Cambodia, RIA Novosti reported on Friday, citing Polonsky's spokesperson, Ilya Rozenfeld.  

Polonsky was arrested along with six other persons, including two his lawyers, according to Rozenfeld.

He said he had no explanation for the arrest, adding that Polonsky is not hiding from anyone and that he is living in Cambodia in compliance with local laws.

Polonsky is the founder of a multipurpose corporation, Mirax Group, which has carried out large development projects, including Federation Tower in the Moscow International Business Center, office buildings Mirax Plaza, Poklonnaya 11 and Admiral, condominium developments Fort Kutuzov, Kutuzovskaya Riviera, Rublyovskaya Riviera, Mirax Park, Golden Keys 1 and 2, and the Well House.

In June 2013, Russia’s Interior Ministry released a statement saying that Sergei Polonsky was charged in absentia and placed on the international wanted list for the alleged embezzlement of billions of rubles from investors in the Kutuzovskaya Milya and Rublyovskaya Riviera projects. In November 2013, he was arrested in Cambodia at Russia’s request, only to be released in January 2014.

On January 13, 2014, the Tverskoy District Court of Moscow seized the stock of foreign companies owned by Polonsky, who has assessed them at $100 million. The ruling came as an injunction in the embezzlement case in which Polonsky was arrested in absentia last year.

In 2008, Forbes ranked Polonsky Russia's 40th richest man with a $4.35 billion fortune. His Mirax Group, a property development company, went bankrupt during the global economic crisis.

Polonsky, 42, was charged in Russia in absentia in July 2012 as part of a criminal case involving the embezzlement of over $175 million from the participants in an up-market condominium project in central Moscow.

Polonsky has been listed in Interpol’s database at the request of Russia’s Interior Ministry.

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Fugitive Russian businessman Polonsky arrested in Cambodia

15:34 15/05/2015 Russian real estate tycoon Sergei Polonsky has been arrested in Cambodia, RIA Novosti reported on Friday, citing Polonsky's spokesperson, Ilya Rozenfeld.
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