INSUBCONTINENT EXCLUSIVE:
Russian law enforcement authorities have arrested one current and one former deputy energy minister on suspicion of fraud, the Kommersant
business dailyreported Thursday, citing anonymous sources.Federal Security Service (FSB) agentsreportedly first arrested Anatoly Yanovsky,
Mochalnikov was later arrested alongside three other unidentified people as part of an investigation into Yanovsky, Kommersant
2014.Yanovsky and Mochalnikov areexpected to be charged with large-scale embezzlement and abuse of power, according to the Interfax news
Kommersant said the charges could be pressed as soon as Friday.According to sources cited by Kommersant, several companies received billions
of rubles in government contracts, including for the closure of an unprofitable mine in the Perm region
However, some of the work was never completed, prompting authorities to launch an investigation this summer.Yanovsky was detained after
other coal industry figures were arrested last year and testified against him, the RBC news websitereported, citing an anonymous law
damages 12 billion rubles ($123.84 million).Mochalnikov is reportedly cooperating with the authorities, who will petition the court to place
him under house arrest instead of pre-trial detention.
