MOSCOW, July 8 (RAPSI) – Spain has granted extradition of businessman Vladimir Kovalenko to Russia as part of a case over embezzlement over 1.2 billion rubles ($16 million) from the Moscow United Power Grid Company (MOESK), the Prosecutor General’s Office reports.

According to investigators, Kovalenko acting as director of BusinessGroup company repeatedly overpriced supplies of electric equipment of the Moscow United Power Grid Company (MOESK). Following that, he fled abroad and was put on the international wanted list.

In the summer of 2016, he was found in Spain. Russia’s Prosecutor General’s Office twice forwarded requests for his extradition to the Spanish JusticeMinistry.

The businessman will be transferred to Moscow on July 8.