June 28, 2018 / 9:04 AM / 22 days ago

Novorossiysk Commercial Sea Port accounts frozen -TASS

June 28 (Reuters) - The banking accounts, assets and property of Novorossiysk Commercial Sea Port have been frozen as part of a criminal case against Russian billionaire Ziyavudin Magomedov, TASS news agency reported Thursday, citing Transneft head Nikolai Tokarev.

Magomedov co-owns the port with Russian oil pipeline monopoly Transneft and transportation group Fesco .

He was arrested on March 31 on charges of embezzling more than $35 million in one of the highest-profile prosecutions of a Russian tycoon in years. (Reporting by Vladimir Soldatkin; writing by Kevin O’Flynn; editing by Jason Neely)

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