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Fugitive head of Russian Bobsleigh Federation detained in Monaco — prosecutors

April 22, 2016, 18:27 UTC+3

The prosecutors are currently deciding whether to forward a motion for his extradition

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Georgy Bedzhamov

Georgy Bedzhamov

© Mikhail Japaridze/ITAR-TASS

MOSCOW, April 22. /TASS/. Georgy Bedzhamov, the fugitive head of the Russian Federation of Bobsleigh (RFB), has been detained in Monaco, the press service of the Russian Prosecutor General’s Office told TASS on Friday.

"We have received this information from our European colleagues," the press service said. "We are currently deciding whether to forward a motion for his extradition."

Bedzhamov was a co-owner of Vneshprombank. On January 21 the Central Bank of Russia revoked a license from Vneshprombank, which at that time was the country’s 40th biggest lender in terms of assets. His sister Larisa Markus, the president of Vneshprombank, was arrested on December 22 on fraud charges.

Investigators say that Bedzhamov played part in fraud schemes of Markus, who allegedly concluded loan agreements without the intention to repay them. The damage from the fraud is estimated at 932 million rubles (over $14.2 million).

Bedzhamov has been the president of the RFB since September 2010 and he has been also the vice president of International Bobsleigh and Skeleton Federation (IBSF) since his election to this post in May 2014.

According to various earlier media reports, he fled to Monaco in late December and had plans of asking for a political asylum in Europe.

The Moscow Tverskoi Court sanctioned on February 5 the arrest in absentia of Bedzhamov, who had been also placed on the international wanted list on fraud charges.

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