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Monaco refuses to extradite Russia’s fugitive ex-head of Bobsleigh Federation

September 30, 2016, 20:15 UTC+3 PARIS

Ex-president of the Russian Federation of Bobsleigh Georgy Bedzhamov is wanted on embezzlement charges

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PARIS, September 30. /TASS/.The Prince of Monaco, Albert II, decided against extraditing the ex-president of the Russian Federation of Bobsleigh (RFB), Georgy Bedzhamov, to his home country where he is wanted on embezzlement charges, the Justice Department of Monaco reported on Friday.

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. In late April, the press service of the Russian Prosecutor General’s Office announced that Bedzhamov was detained in Monaco.

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

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