Tuesday, May 23, 2017

Former Russian Economy Minister Charged with Taking Large Bribe

Former Russian minister of economic development Alexei Ulyukayev was officially charged with large-scale bribery charges, Russia's Investigative Committee said Tuesday.

"The former minister of economic development, Alexei Ulyukayev, has been ultimately charged with 'taking an especially large bribe by a person holding public office in the Russian Federation'," the committee's spokeswoman Svetlana Petrenko said.

The Investigative Committee said in November 2016 that Ulyukayev was caught in the act of taking a $2-million bribe for a positive appraisal that allowed Russian energy company Rosneft to buy the state's shares of the Bashneft oil company.

Ulyukayev has been placed under house arrest for the duration of the investigation.

Russian President Vladimir Putin has dismissed Ulyukayev from the post of economy minister.


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