Today in Russian Business

Mikhail Gutseriyev, the billionaire former head of oil company Russneft, is “hiding in London from Russian police who want to arrest him for tax evasion”. Russian police have charged the British head of Hermitage Capital Management investment fund Bill Browder with tax evasion in absentia, and the Russian manager of the fund is wanted on similar charges. Russia’s largest mobile operator, Mobile TeleSystems, has offered $1 billion for 97% of regional operator SMARTS. Automobile company GAZ is reportedly looking at India as its next overseas market. Special report on the armed Eldorado tax raid.