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Ex-head of Russia’s hydropower giant RusHydro detained in fraud probe

The former RusHydro head is detained on suspicion of fraud worth $1.13 million, assisted as abonus for 2013
RusHydro ex-Head Yevgeny Dod Sergey Bobylev/TASS
RusHydro ex-Head Yevgeny Dod
© Sergey Bobylev/TASS

MOSCOW, June 22. /TASS/. Russia’s RusHydro ex-Head Yevgeny Dod and Chief Accountant Dmitry Finkel have been detained in a fraud probe, spokesman for the Investigative Committee Vladimir Markin told TASS on Wednesday.

"The Investigative Committee’s Department for High-Profile Investigations has opened a criminal case against RusHydro former Management Board Chairman Yevgeny Dod and Chief Accountant - Head of the Corporate Accounting and Reporting Department Dmitry Finkel. They are accused of committing a crime stipulated by part 4, article 159 of Russia’s Criminal Code (Fraud)," the spokesman said.

Both suspects in the criminal case have been detained, the spokesman said.

"Fraud charges will be brought against them and a measure of restraint will be chosen soon," Markin said.

The former head of Russia’s largest hydropower company has been detained on suspicion of fraud worth 73 million rubles ($1.13 million) for assigning himself a bonus for 2013, the spokesman said.

According to the investigation, Dod and Chief Accountant Finkel committed a large-scale theft of RusHydro property under conspiracy with unidentified persons.

"After approving RusHydro’s financial report, the said persons drafted and Dod personally signed an order ‘On Special Bonus Payments to Members of the RusHydro Management Board for 2013," under which he assigned a special bonus to himself for 2013 in the amount of 353.21 million rubles [$5.5 million], illegitimately overstating the bonus by no less than 73.2 million rubles," the Investigative Committee spokesman said.