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Russian Economy Minister accused of bribery

Tuesday, November 15, 2016 - 00:58

Russia's economy minister Alexie Ulyukayev has been detained in bribery case involving state-oil producer Rosneft and as Kate King reports, he could face up to 15 years in prison if found guilty.

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He's a high-ranking minister in President Putin's government but that's not enough to protect Russia's economy minister Alexei Ulyukayev. The 60-year-old's been detained over an alleged 2 million dollar bribe involving state-oil producer Rosneft. The country's Investigative Committee accusing Ulyukayev of taking money in exchange for signing off on Rosneft's purchase of a 50 percent stake in oil producer Bashneft. Local media say he was caught in a sting set by Russia's security service. While Ulyukayev hold's an important role, he's not said to be part of Putin's inner circle, which is dominated by people who favour a commanding role for the state in the economy. If he is found guilty, Ulyukayev faces a fine of as much as $200 million, or up to 15 years in prison.

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Russian Economy Minister accused of bribery

Tuesday, November 15, 2016 - 00:58