• About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, July 19, 2025
  • Login
  • Register
thehopper.news
  • Home
    • Home
    • About
  • Video
    • Discussion
  • Geopolitics
  • Intel & Security
  • Foreign Affairs
  • News
    • All
    • Politics
    • World

    EU applicant’s top MP compares bloc to USSR

    Russian students secure six medals at world’s top math contest

    Russian students secure six medals at world’s top math contest

    Over 100 British spies and commandos exposed in data leak

    Over 100 British spies and commandos exposed in data leak

    Hungarian church torched in Ukraine

    Hungarian church torched in Ukraine

    Writers guild seeks probe after CBS axes Colbert show

    New EU sanctions against Russia take effect

    New EU sanctions against Russia take effect

    Car slams into crowd in LA injuring at least 30 (VIDEO)

    Iran could exit key nuclear weapons treaty – senior MP

    Iran could exit key nuclear weapons treaty – senior MP

    This militant group fought for 40 years. Now they’re surrendering on camera.

    This militant group fought for 40 years. Now they’re surrendering on camera.

    Russia strikes drone-manufacturing sites in Ukraine – MOD

    Russia strikes drone-manufacturing sites in Ukraine – MOD

No Result
View All Result
thehopper.news
No Result
View All Result
Home News

Ex-CEO of major Russian investment group accused of fraud

by Admin
June 22, 2024
in News, Politics, World
0
Ex-CEO of major Russian investment group accused of fraud
27
SHARES
108
VIEWS
Share on FacebookShare on Twitter

Published: June 22, 2024 6:27 pm
Author: RT

A former president of the AFK Sistema conglomerate has been placed under house arrest for two months

A Moscow court has placed a former president of the AFK Sistema investment company, Evgeny Novitsky, under house arrest until August 20. He has been accused of large-scale fraud involving an alleged attempt to steal money from a now-defunct private pension fund.

According to investigators, Novitsky, together with accomplices, devised a scheme that would have allowed them to illegally acquire money belonging to the ‘Ural FD’ private pension fund under the guise of purchasing securities on the stock exchange.

Ural FD lost its state license and ended its operations back in 2016. It had some 19,000 clients by that time. The total volume of pension savings entrusted to the fund then amounted to 890 million rubles ($10 million). The fund’s pension reserves held 117 million rubles ($1.31 million) by the end of 2015.

The court also placed two other suspects in the case – Oleg Mezentsev, a businessman involved in securities administration, and a woman identified only as Olga Illarionova – under house arrest. Mezentsev stands accused of fraud, while Illarionova is accused of a premeditated breach of contract. The court did not elaborate on their exact roles in the suspected fraud scheme.

Read more

FILE PHOTO.
Details of record Russian crypto-bribery case revealed

According to a source contacted by the Russian business news outlet RBK, Novitsky could also be linked to another fraud investigation. A suspect in that case – businessman Aleksey Taicher, a former owner of the Transfin-M leasing company – is accused of entering into fake loan agreements. The businessman supposedly never planned to return the money he borrowed, according to RBK. The damage inflicted by his actions amounted to at least 710 million rubles ($7.98 million), according to investigators.

Novitsky, 66, became a top manager of AFK Sistema back in 1995, just two years after the company was founded. He took over as the company’s president later that year and kept this position until 2005. He was also an AFK Sistema board member between 2005 and 2013.

Subsequently, the businessman held top positions with a major Russian fertilizer manufacturer, PhosAgro, and some defense industry companies.

AFK Sistema is a major Russian investment conglomerate headquartered in Moscow. The company’s global depository receipts traded on the London Stock Exchange between 2005 and 2023. The conglomerate operates dozens of firms in a wide range of fields, including banking, e-commerce, healthcare and pharmaceuticals, IT, telecommunications and media. Its enterprises employed over 140,000 people as of 2020, according to the Russian Union of Industrialists and Entrepreneurs (RSPP).

Full Article

Tags: Russia Today
Share11Tweet7
Previous Post

Intel Update June 22 – Wildfires, Shipping, and Cyber Events

Next Post

Fyodor Lukyanov: This is the only way to end confrontation between Russia and the West

Admin

Admin

Next Post
Fyodor Lukyanov: This is the only way to end confrontation between Russia and the West

Fyodor Lukyanov: This is the only way to end confrontation between Russia and the West

thehopper.news

Copyright © 2023 The Hopper New

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
    • Home
    • About
  • Video
    • Discussion
  • Geopolitics
  • Intel & Security
  • Foreign Affairs
  • News

Copyright © 2023 The Hopper New

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.