The case of Bashneft:A case of fraud and money laundering

The Investigative Committee has indicted the businessman Levon Hayrapetyan under the "Embezzlement" and "Money laundering" articles during the sale of "Bashneft" to AFK "Sistema" in 2009. Within the framework of this case the shares of the oil company owned by AFK "Sistema" been arrested, and its largest shareholder Vladimir Yevtushenko questioned as a witness. He called everything that happens around "Bashneft" raiding, RBK daily writes.

Yesterday Levon Hayrapetyan has been charged under the Criminal Code 160 ("Embezzlement") and 174-1 ("money laundering"), his lawyer Samvel Karakhanyan stated. He is accused of aiding the son of the former president of The Republic of Bashkortostan Ural Rakhimov during the sale of "Bashneft" in 2009 at a lower price. The case against Rakhimov Jr. was initiated on April 28th, the lawyer recalled.