Tuesday, August 13, 2013

Court Orders Fugitive Russian Property Tycoon’s Arrest in Absentia

A Moscow court issued an arrest warrant Tuesday for fugitive Russian real estate tycoon Sergei Polonsky, who is currently living in Israel and has submitted an application for Israeli citizenship. Polonsky, the former head of the Mirax Group construction firm (now renamed Potok), is wanted in connection with the embezzlement of over 5.7 billion rubles ($176.2 million) from private investors in Moscow's Kutuzovskaya Milya residential construction project. Moscow's Tverskoi court also heard Tuesday that Polonsky has been officially put on an international wanted list, the RAPSI legal news service reported.


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