Russia Detains Billionaire Founder of Ros Agro, Tass Says

Vadim Moshkovich The case has been opened due to “embezzlement” in companies that do business with Ros Agro,

Source: Bloomberg

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Russia’s law enforcement agencies detained Vadim Moshkovich, billionaire founder of Ros Agro, one of the nation’s largest agricultural businesses, according to state news agency Tass.

Moshkovich and several other unidentified people are being interrogated, and agents are searching residences and Ros Agro offices, Tass reported Wednesday, citing representatives of the authorities. The case has been opened due to “embezzlement” in companies that do business with Ros Agro, Interfax said citing an unidentified person familiar with the matter.