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Russia: Economic Devel. Minister Ulyukayev detained over alleged $2m bribe in major oil deal01:02

Russia: Economic Devel. Minister Ulyukayev detained over alleged $2m bribe in major oil deal

Russian Federation, Moscow
November 15, 2016 at 07:10 GMT -00:00 · Published

Russian Minister of Economic Development Alexei Ulyukayev was detained in Moscow, early on Tuesday morning, following allegations of his involvement in a large-scale bribery case involving a major oil deal.

Ulyukayev was taken into custody on suspicion of taking a $2 million (€1.8 million) bribe for the Economic Development Ministry's positive evaluation of Rosneft, which allegedly allowed Russia's largest oil company to finalise a deal on acquiring the state's stake in a major regional company, Bashneft.

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

Furthermore, Ulyukayev may be stripped of the right to occupy a public post for up to 15 years.

According to the deputy head of the Russian Investigative Committee Svetlana Petrenko, a criminal case has been opened and the investigation is underway. Ulyukayev has reportedly been under investigation by Russia's Federal Security Service (FSB) for more than a year.

Russia: Economic Devel. Minister Ulyukayev detained over alleged $2m bribe in major oil deal01:02
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Description

Russian Minister of Economic Development Alexei Ulyukayev was detained in Moscow, early on Tuesday morning, following allegations of his involvement in a large-scale bribery case involving a major oil deal.

Ulyukayev was taken into custody on suspicion of taking a $2 million (€1.8 million) bribe for the Economic Development Ministry's positive evaluation of Rosneft, which allegedly allowed Russia's largest oil company to finalise a deal on acquiring the state's stake in a major regional company, Bashneft.

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

Furthermore, Ulyukayev may be stripped of the right to occupy a public post for up to 15 years.

According to the deputy head of the Russian Investigative Committee Svetlana Petrenko, a criminal case has been opened and the investigation is underway. Ulyukayev has reportedly been under investigation by Russia's Federal Security Service (FSB) for more than a year.

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