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Russian former economy minister does not appeal against property confiscation for $8.3 mln

On January 10, the court extended the house arrest of the former Minister of Economic Development until April 15

MOSCOW, January 11. /TASS/. Moscow’s Basmanny District Court on December 14 confiscated financial resources and precious metal coins totaling around 500 mln rubles ($8.3 mln) that belonged to the former Minister of Economic Development Alexey Ulyukayev.

According to the Court’s spokesperson Yunona Tsareva, the ex-Minister did not appeal the decision.

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Court extends Russian former economy minister house arrest until April 15

"On December 14, 2016, Basmanny court confiscated on financial resources and precious metal coins of Alexey Ulyukayev, totaling around 500 mln rubles ($8.3 mln)," Tsareva said.

On Tuesday, January 10, the Court extended the house arrest of former Minister of Economic Development Alexey Ulyukayev until April 15.

Ulyukayev asked to change pre-trial restrictions to an undertaking not to leave. The investigator opposed changing the restrictions, noting that it would allow Ulyukayev to meet with anyone, including possible participants in the criminal proceedings, or possible future witnesses. According to him, the list of people permitted to communicate with Ulyukaev complies with the law.

According to the Court, the case against the former Minister of Economic Development Alexey Ulyukayev accused of taking a bribe of $2 mln, remains under investigation until May 15.

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