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Investigative Commitee seeking extradition of Uralkali CEO

Оn October 16, Baumgertner was accused in absentia of abusing his powers

MOSCOW, November 5 (Itar-Tass) - Russia's Investigative Committee /SK/ has asked the Prosecutor General's Office to request the extradition of Uralkali director general Vladislav Baumgertner, the SK press service told Itar-Tass.

"Back on October 16, Baumgertner was accused in absentia of abusing his powers. On October 17, a petition was lodged with the court to select custody as the measure of restraint and he was put on the international wanted list," the press service said.

According to the investigator, Baumgertner, together with former first deputy head of Belarusian Potash Company /BKK/ Konstantin Solodovnikov and other executives had abused their powers using them contrary to the legitimate interests of their organizations and with the aim of deriving profit and advantages for other persons, which caused much harm and grave consequences for Belarusian Potash Company and Belaruskali.

In late July, Uralkali, a Russian potash fertilizer company based in Berezniki, Perm Territory, announced its withdrawal from the BKK, and on August 26, Baumgertner was detained and taken in custody in Minsk after talks with Belarusian Prime Minister Mikhail Myasnikovich. In late September, his measure of restraint was changed to house arrest.

Uralkali's largest shareholder is billionaire Suleiman Kerimov.

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