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HANOI, January 14. /ITAR-TASS/. Business tycoon Sergei Polonsky, whom Cambodian court released from custody on Monday, stated that he intends to implement a major development project in Cambodia, the minimal cost of which can be estimated at around $800 million, The Cambodia Daily reported on Tuesday. The daily reported that the businessman can hold a presentation of the project within next two months.
On Monday, the court of appeals ruled to release Polonsky from custody, though Russia insists on his extradition. However, the court ruling does not mean Cambodia’s refusal from extradition of the businessman to Russia. A local source familiarized with the Polonsky affair told Itar-Tass the court had delayed the issue of extradition of the business tycoon to Russia for a later date, because it had not received the documents required for this from Russia. “The court verdict just envisages change of a measure of restraint in the criminal case over attack on sailors,” the source said.