He was arrested last Friday, but no one really knew why. Today it’s reported that Deputy Finance Minister Sergei Storchak is suspected of embezzling $43 million in state funds. A statement from the Prosecutor General’s Office (who can totally trust for reliable information), says that the official was involved in “an organized group to embezzle budget funds under the pretext of covering expenses for Sodexim” and that “The investigation possesses evidence that if Storchak had been left a free man, he could escape the investigation and the trial, engage in criminal activities, threaten witnesses… and destroy evidence.” Sodexim was apparently involved in organizing a Russian medical equipment exhibition in Baghdad five years ago, and there is speculation that this investigation somehow involves Russian-Iraqi debt deals. Several have come out in defense of Storchak, including Andrey Kostin of VTB: “I know him as a very professional person and I very much hope it will be fair treatment. I still hope that there is some kind of probably misunderstanding. I mean his role in whatever crime that happened is probably not one that can be considered because he is one of the leading professionals in the field of external debt.” Watch this space for more news…
White Papers
- The Bangkok Massacres – A Call for Accountability
- White Paper on Nigeria's Nasir El-Rufai
- The Repression of Political Freedoms in Singapore: The Case of Opposition Leader Dr. Chee Soon Juan
- Bolivarian Rule of Lawlessness: A White Paper on Venezuela's Political Prisoners
- White Paper: Abuse of State Authority in the Russian Federation
Latest Zambia Blog Updates- South African Media Covers Bogus Allegations against Henry Banda
- President Michael Sata Threatens Henry Banda’s Lawyer Robert Amsterdam
- Open Letter to the Editor of the Zambian Daily Mail
- Full Text of Letter to UN Special Rapporteurs on Henry Banda
- Lawyers for Henry Banda Appeal to UN Special Rapporteurs
Latest Thailand Blog Stories- Robert Amsterdam Speech to Red Shirt Rally 19 May 2012 May 20, 2012
- RA’s Thailand News Blast – May 13, 2012 May 13, 2012
- Abhisit’s Final Insult to Ah Kong May 11, 2012
- Korn’s Insult to Kok Wua Victims April 11, 2012
- To Save One Man April 8, 2012
Latest Czech Blog Stories- Prezidentský manekýn May 21, 2012
- KSČM a moc May 21, 2012
- Vzpomínky na Davida Ratha May 21, 2012
- Stop vazební šikaně May 21, 2012
- LN: Směle do Litoměřic May 18, 2012
Latest CFP Blog Stories- Malaysian Banking History – NFC Chief Claims PKR Strategist Broke Disclosure Law April 27, 2012
- Argentina Bruised by YPF Expropriation April 25, 2012
- Zimbabwe Education and The Next Generation April 17, 2012
- Shale Boom in Europe Fades as Polish Wells Come Up Empty March 26, 2012
- Missing Zimbabwean Activist Chizuze Feared Murdered March 9, 2012