- Russian high ranking police official detained, faces $46 mln embezzlement charges
- Second Russian pleads guilty in U.S. securities fraud
- Russian ex-UBS banker pleads guilty to fraud charges in U.S.
- Russian lawmaker charged with large-scale fraud
- Russian parliament strips lawmaker of immunity over fraud accusations
Moscow's Basmanny Court ruled on Friday to hold the head of the CIS anti-organized crime bureau, Lt.Gen. Alexander Bokov, who is suspected of embezzling $46 million.
The official, whose 2009 registered annual income was one million rubles (about $33,000), is suspected of extorting $46 million in 2005 from a Russian businessman for assistance in buying a majority stake in a transport company, Russian Investigative Committee spokesman Vladimir Markin said.
"The businessman handed at least $4.5 million to Bokov's accomplices in 2006, but Bokov didn't make any moves on the deal," the spokesman said.
A criminal case was launched on the basis of Russian Security Service's (FSB) documents given to the investigators.
The court has ruled to hold Bokov behind bars for two months until the trial, instead of releasing him on a 1-million-ruble bail (about $33,000).
According to FSB information, Bokov has close ties not only with police and state officials, but also within criminal circles.
Investigators said the corrupt police official was likely to move abroad as his relatives had foreign bank accounts.
Bokov has denied all the charges, saying the facts against him were all unsubstantiated.
Over the last few years, Russia has seen two high-profile corruption cases, including one with Lt. Gen. Alexander Bulbov, a former senior drug control official, who received in 2010 a three-year jail term for illegal schemes with his retirement payments and abuse of office.
In 2006, another top official from the Emergencies Ministry, Gen. Vladimir Ganeyev, was charged with organizing a criminal group, abuse of office and falsifying investigation documents over a period of six years and sentenced to 20 years in prison.
MOSCOW, January 21 (RIA Novosti)
Add to blog
You may place this material on your blog by copying the link.
Any response would likely boomerang on Russia – the partnership between Rosneft and ExxonMobil is a case in point. The United States has hit Russia with a third round of sanctions. This time the Americans went with a higher caliber weapon, targeting Russia’s biggest energy companies (Rosneft and Novatek) and banks (VEB and Gazprombank).