INSUBCONTINENT EXCLUSIVE:
Russian police authorities released a global arrest warrant for a banished former senator and oil executive accused of fraud, media reported
Monday, pointing out Moscows court system.Viktor Khoroshavtsev is implicated of embezzling practically 9 billion rubles ($111 million), the
Kommersant organization newspaperreported early Monday
There were no other details disclosed about the criminal charges.Khoroshavtsev, 72, worked as a Russian senator from 2003 to 2009 up until
he was designated president of the oil business Bashneft.Russias state oil huge Rosneft purchased a controlling stake in Bashneft in 2016
after private investigators detained billionaire Vladimir Yevtushenkov over his conglomerate Sistemas acquisition of shares in Bashneft
Yevtushenkov was later on launched over a lack of evidence.Khoroshavtsevreportedly moved from Bashneft to Sistema in 2011, then resigned
from all of his positions in Yevtushenkovs business the following year.Moscows Tverskoy District Courtruled on March 29 to place
Khoroshavtsev in pre-trial detention in absentia, according to the Interfax news agency.The Moscow City Court heard an appeal against that
ruling on Monday, according to Kommersant
Russias Interior Ministry released a worldwide search warrant for Khoroshavtsev after the not successful appeal.Khoroshavtsev faces up to 10
years in prison if found guilty of large-scale embezzlement.It is unclear where Khoroshavtsev presently lives, however investigative news
outlets claim to have found his name amongst property owners inCroatia, where he was linked to Yevtushenkov, and theUnited Arab Emirates,
where he was noted as an Israeli passport holder.
