Russian police detained billionaire Vadim Moškovič

The Russian police detained billionaire Vadim Moškovič, the founder of one of the largest agricultural companies Rusagro, on Wednesday. He is accused of fraud. This is reported by Reuters, referring to the Russian media, TASR writes.

In addition to the 57-year-old Moškovič, the police also detained the former CEO of Rusagra Maxim Basov and heard the current head of Timur Lipatov. She also made a raid in several offices of the company.

The billionaire detention

In a statement, Rusagro confirmed that several of its offices have been explained, but the investigation is not related to its “current activities”. According to the statement, all activities continue and the company continues to fulfill its obligations. “We are convinced of the transparency of our work and we expect the procedures to be completed as soon as possible,” the opinion says.

Moškovič Rusagro was founded in 2004. Between 2006 and 2014, he was also a member of the Upper Chamber of the Russian Parliament. After the imposition of Western sanctions, Moškovič resigned in 2022 as Chairman of the Board of Directors and reduced his ownership share below 50 percent. In October of the same year, the European Union imposed sanctions on him.

RUSAGRO plans

Rusagro is a leading Russian manufacturer of sugar, meat, oil and fat products and is one of the five largest landowners in Russia. Recently, it has announced plans for grain export to East Africa. Last year, the Russian government Rusagro has included Russia’s economic sovereignty and security of economic sovereignty and security.

Reuters recalls that the investigation of the company began at a time when Moscow is increasingly confiscating the assets of domestic companies.

At the beginning of the year, the courts decided that Moscow Airport Domodedovo, one of the largest companies of the cereal trading Rodnie Poly and 16 strategic warehouses Raven Russia must be handed over to the report of state authorities for ties.