Russia to prosecute fugitive banker over $1 billion theft ...News

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Russia to prosecute fugitive banker over $1 billion theft
Sergey Pugachev has been accused of embezzlement and abuse of power The Prosecutor-General’s Office of Russia has opened a criminal case against Sergey Pugachev, charging the former banking tycoon with large-scale embezzlement and abuse of official position over the 2010 collapse of a bank he headed. First Deputy Prosecutor General Anatoly Razinkin filed the indictment on Friday, according to the newspaper Kommersant, accusing Pugachev of violating articles 160 and 201 of the Russian criminal code. The trial will be held in absentia, as Pugachev fled Russia in 2011 and sought sanctuary in France. Moscow has been u

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