Russia Targets Vekselberg Associates In Graft Probe

Russia targets Vekselberg associates in graft probe

MOSCOW, (APP - UrduPoint / Pakistan Point News -6th Sep,2016) : Russian investigators on Monday named senior associates of billionaire Viktor Vekselberg as suspects in a bribery probe after masked officers raided offices of his Renova conglomerate.

The powerful Investigative Committee said in a statement it had detained two men as suspects in a probe dating back several years into corruption involving regional power generation. It named them as the chief managing director of Renova group Yevgeny Olkhovik and Boris Vainzikher, currently CEO of T Plus Group, which is part of Renova.

FSB security service officers in black balaclavas raided the offices of Renova and T Plus Group on Monday, Russian news agencies reported. Tycoon Vekselberg is listed by the Russian edition of Forbes as the country's sixth richest person with a fortune of $11.3 billion.

Investigators also said they were locating another suspect Mikhail Slobodin, the head of Russia's division of VimpelCom telecoms group -- controlled by Russian billionaire Mikhail Fridman.