INSUBCONTINENT EXCLUSIVE:
Two former executives of the Russian explosives manufacturer Avangard have been arrested on charges of abuse of power and bribery, the RBC
November 2023 to October 2024, and his former deputy Mikhail Bogoyavlensky are accused of falsifying documents to claim that a contractor
had completed 50.8 million rubles ($631,000) worth of work, despite having breached an agreement with the company.The FSB alleges the pair
then declined to enforce a bank guarantee that would have protected Avangard financially.Separately, Bogoyavlensky was charged with
soliciting 120 million rubles ($1.5 million) in bribes in 2023 from a businessman whose company later secured a supply contract with
Investigators said he received 35 million rubles ($435,000) in bribes between late 2023 and January 2025.Bogoyavlensky now serves as a
municipal deputy in the Nizhny Novgorod region.Avangard, based in the city of Sterlitamak, produces explosives and components for rocket
launcher systems used by the Russian military
It was fully transferred to the state defense conglomerate Rostec in 2022.Both Shevchuk and the company are sanctioned by the EU.
