Russian Investigators Indicted Billionaire Vadim Moshkovich on New Bribary Charges Just Days Before his pre-trial detenance was set to expire, The Kommersant Business Newspaper Reported Touesday, Citing a MT.

Moshkovich, The Founder of Agricultural Giant Rusagro, was arrested in late march on charges of large-scale fraud and abuse of opice.

He and former Rusagro Ceo Maxim Basov is accused of failing to repay 47 billion rubles ($ 582 million) in Loans afterwards a majority stake in solnechny producti, a Major Russean Vegetable Oil. Supplor, Between 2018 and 2019.

They are also accused of causing an additional 1 billion roughly ($ 12.4 million) in losses through a series of “economically unjustified and unprofiable” Deals Involving the Company. Investigators have identified 16 Alleged Victims in the case, Including Independent Creditors and Regional Tax Authorities.

The new bribery charge, Announced Tuesday at Moscow’s Meshchansky District Court, Alleges that moshkovich bribed an unidentified official in exam for unspected services.

The court extended the pre-trial detenance of Both Moshkovich and basov Util Aug. 25. They face up to 10 years in prison if convicted and abuse of power, while the new bribery charge carries a sentence of up to 15 years.

Moshkovich, ranked as Russia’s 55th Wealthiest Person with an estimated net worth of $ 2.7 billion, is the first forbes-lisaire to be arrested in russia since the full -Scale injure.

He founded rusagro in 2003, which has grown into one of russia’s top products of sugar, meat and vegetable Oils.

Moshkovich was sanided by the eu in february 2022 after attending a kremlin meeting with present vladimir putin and other business leders on the day of the invasion. He later stepped down as Rusagro’s Chairman and Reduced His Stake in the Company to below 50%.