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Tuesday 15 November 2016

Russia - Authorities detain economy minister Ulyukaief for $2mn bribe over Rosneft deal: FRANCE 24 English

Published on Nov 15, 2016
Alexei Ulyukaief: the first russian minister arrested since the fall of the soviet union 25 years ago...the head of the economy ministry - is suspected of corruption:last month, Ulyukaief authorized state-owned energy group Rosneft to buy a majority stake in another state-owned company Bashneft.a 5.2 billion dollar acquisition.investigators say - he agreed to the deal - after receiving a 2-million dollar bribe.◄br /► ***the acquisition came after months of wrangling among russian ministers and it exposed deep divisions in the cabinet ...Prime minister Dmitry MedvIEdev wanted the company to go to private investors.meanwhile President Vladimir Putin is close to Rosnef's CEO - Igor Sechin - seen here on the right - who pushed for the acquisition.after the arrest - MedvIEdev asked for a thorough investigation.OnceUlyukaief is charged - he could face a jail sentence of up to 15 years.Rosneft says the Bashneft deal won't be jeopardized by the minister's arrest -

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