Business Watch
Corruption (53)
The number of people convicted for corruption is declining steadily, Chairman of Russia's Supreme Court Vyacheslav Lebedev said at a conference of judges in Moscow on Tuesday.
Russia’s state-run hydropower holding company RusHydro is to hold an internal audit into a 1 billion ruble ($33 million) fraud uncovered at the company, RusHydro CEO Yevgeny Dod said on Monday.
The EBRD has stepped up its cooperation with the Ukrainian authorities in their joint bid to improve the investment climate in the country and especially to eradicate corruption.
Russian police are threatening to seize documents unless HSBC Holdings Plc hands over information required for a criminal investigation into Hermitage Capital Management Ltd., the investment fund said.
Russia’s budget watchdog has found nearly $4 billion was lost in financial violations in the country’s defense spending for 2012, a lawmaker said Thursday after hearing a report on the findings.
The Bank of Moscow has asked the High Court of Justice in London to reverse its ruling on the bankruptcy of Vladimir Kekhman, CEO of Russia's largest fruit importer, JFC Group, the Prime business news agency was told by the bank's press service.
Russian Prime Minister Dmitry Medvedev has signed an order terminating the Russia-US intergovernmental agreement on cooperation between the two countries’ law enforcement agencies and in the field of drug control.
The home of JFC CEO, Vladimir Kekhman has been searched as part of a fraud case, Russian media reported on Friday. Kekhman holds the majority stake in JFC, the largest fruit importer in Russia.
Moscow's Tverskoy District Court on Monday ruled to appoint an attorney for the tax evasion case against deceased Hermitage Capital auditor Sergei Magnitsky, who died while in pre-trial detention in 2009.
A fraud in Russia’s Strategic Missile Forces (RVSN) has cost the state over 90 million rubles (about $3 million), the Prosecutor General’s Office (PGO) said on Friday.