Putin Supports Inquiry Into Alleged $4 Billion Transneft Fraud

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Russian Prime Minister Vladimir Putin said he wants a full investigation into allegations of a $4 billion-fraud during construction of an oil pipeline across eastern Siberia.

Law enforcement agencies including the Prosecutor General’s Office should look into a report published by Alexei Navalny, a minority shareholder in monopoly oil pipeline operator OAO Transneft, Putin told reporters late yesterday in Moscow.