INSUBCONTINENT EXCLUSIVE:
Russian law enforcement authorities pressed new bribery charges against billionaire Vadim Moshkovich just days before his pre-trial
detention was set to expire, the Kommersant business newspaper reported Tuesday, citing a Moscow court.Moshkovich, the founder of
agricultural giant Rusagro, was arrested in late March on charges of large-scale fraud and abuse of office.He and former Rusagro CEO Maxim
Basov are accused of failing to repay 47 billion rubles ($582 million) in loans after acquiring a majority stake in Solnechny Produkti, a
major Russian vegetable oil and fats supplier, between 2018 and 2019.They are also accused of causing an additional 1 billion rubles ($12.4
Investigators have identified 16 alleged victims in the case, including independent creditors and regional tax authorities.The new bribery
unspecified services.The court extended the pre-trial detention of both Moshkovich and Basov until Aug
They face up to 10 years in prison if convicted of fraud and abuse of power, while the new bribery charge carries a sentence of up to 15
billionaire to be arrested in Russia since the full-scale invasion of Ukraine.He founded Rusagro in 2003, which has grown into one of
meeting with President Vladimir Putin and other business leaders on the day of the invasion
