Russian Economy Minister arrested on suspicion of corruption

354 views · Published 15 November 2016 · 0:45 · Indexed 20 September 2026

Channel: New China TV · 2016 · News & Politics

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The Russian Economy Minister Alexey Ulyukaev was detained early on Tuesday morning for allegedly receiving a bribe of 2 million U.S. dollars, the Russian Investigative Committee said Tuesday in a statement.

According to the committee, Ulyukaev allegedly received the bribe from representatives of Rosneft "with the use of the threats" for providing positive appraisal given by the Russian Economy Ministry, which allowed Rosneft to buy 50 percent of the state's shares of Bashneft oil company.

If charged and found guilty, Ulyukayev may face a sentence of up to 15 years and a penalty fine up to 100 times of the sum of the bribe.

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