Russia, China round up joint naval exercise in Baltic SeaMilitary & Defense July 27, 21:27
Chechen leader says he is ready to quit his job to protect al-Aqsa Mosque in JerusalemSociety & Culture July 27, 21:07
Russian tennis star Sharapova granted wildcard for WTA tournament in CincinnatiSport July 27, 20:11
Russia invites Baltic partners to attend naval review in St. PetersburgMilitary & Defense July 27, 19:38
Russia’s new ambassador to Turkey presents his credentials to ErdoganRussian Politics & Diplomacy July 27, 19:03
Deadly wildfires in southern EuropeWorld July 27, 18:20
Russia interested in cooperation with Finland on Arctic environmentBusiness & Economy July 27, 18:14
New US anti-Russia sanctions way to pursue its economic interests with cynicism — PutinRussian Politics & Diplomacy July 27, 18:11
Moscow surgeons separate newborn Siamese twins conjoined at head in 30 minutesSociety & Culture July 27, 17:57
GENEVA, January 27 (Itar-Tass) —— Swiss prosecutors said they arrested Chechen owner of Neuchatel Xamax football club Bulat Chagaev for suspected fraud. The detention came hours after the club said it would file for bankruptcy.
Geneva prosecutors said in a statement on Thursday Chagaev was arrested to prevent “financial mismanagement” and that a hearing was scheduled for Friday.
Xamax was stripped of its license last week because of suspected fraud and a failure to prove it could meet its financial obligations. Its debts are estimated at between $8.7-10.9 million.
Russian businessman Chagaev, 51, bought the club in May for one million euro from Italian Silvio Bernasconi.