ARAF to check information from new ARD film on doping in Russian sportSport January 22, 22:47
All countries observe oil output cuts agreement — Russian energy ministerBusiness & Economy January 22, 16:59
Rogozin calls "dangerous incident" UK botched missile launchRussian Politics & Diplomacy January 22, 16:32
Medvedev calls United Russia ruling party, president's main resourceRussian Politics & Diplomacy January 22, 16:27
Mutko calls silly information Infantino asks him not to run for RFU headSport January 22, 16:24
Seven parties to participate in Syrian talksWorld January 22, 9:54
Russia’s Pavlyuchenkova reaches Australian Open quarterfinalsSport January 22, 7:19
IBU Executive Board finds no grouns to suspend Russia's biathlon teamSport January 21, 22:53
Russia terrified watching monuments destroyed in Palmyra — culture ministerRussian Politics & Diplomacy January 21, 17:08
The court’s spokeswoman Anna Fadeyeva said the court had turned down the appeal of lawyer Vladimir Kozin who is representing the interests of AFK Sistema’s head Vladimir Yevtushenkov.
Fadeyeva explained the court had not discussed whether the arrest of Bashneft’s shares was legal. It discussed the legality of investigator’s actions and concluded there was nothing wrong in them.
Yevtushenkov, chairman and majority owner of the Russian diversified holding company Sistema, was placed on September 16 under house arrest on suspicion of involvement in a money-laundering scheme with the assets of oil companies in the Urals Republic of Bashkortostan, which are now part of Bashneft oil producer controlled by the tycoon.Yevtushenkov, ranked by Forbes among Russia’s 20 richest people with an estimated fortune of $9 billion, will stay under house arrest until mid-November in his house in the elite settlement of Zhukovka outside Moscow.
Russian investigators accuse Yevtushenkov of involvement in a money-laundering scheme, in which Sistema acquired Bashkortostan’s oil firms that had been earlier privatized by Ural Rakhimov, a son of the republic’s former head, Murtaza Rakhimov.
The stocks of firms owned by Yevtushenkov plummeted on Wednesday on news of his arrest, with public companies integrated into Sistema losing over $5.5 billion in their market value.
If convicted, the Sistema chairman may be sentenced to seven years in prison. He has rejected all the accusations and insists on his innocence.