Tuesday, November 12, 2013

Moscow Court Orders Seizure of Navalny's Assets

A court in Moscow on Tuesday ordered the seizure of bank accounts and assets belonging to opposition leader Alexei Navalny as part of an ongoing embezzlement case against him. Investigators formally charged the anti-corruption blogger and his brother Oleg with fraud in a case involving the local representative of cosmetics company Yves Rocher at the end of last month. Basmanny court press spokeswoman Natalya Romanova said a judge had ordered Monday that 50,000 rubles ($1,500) should be frozen, along with bank accounts amd company assets seized during the investigation. The value of the accounts and company assets was not disclosed. Authorities have said they believe the Navalny brothers embezzled around 26 million rubles ($790,000) from Yves Rocher Vostok and another 4 million rubles from the Multidisciplinary Processing Company. The brothers also face charges of laundering 21 million rubles.


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