March 31, 2018 / 2:42 PM / in 3 months

Russian tycoon and associates suspected of embezzling over $35 million - court

MOSCOW, March 31 (Reuters) - Moscow’s Tverskoy District Court said on Saturday that the co-owner of Russia’s Summa group, Ziyavudin Magomedov, and his associates are suspected of embezzling more than 2 billion roubles ($35.01 million), including from the state budget.

Russia’s Interior Ministry said earlier on Saturday that Magomedov and two of his business partners had been detained on suspicion of having embezzled large sums of state money. ($1 = 57.1210 roubles) (Reporting by Polina Nikolskaya Writing by Gabrielle Tétrault-Farber Editing by Christian Lowe)

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