Russian held in Poland over $12 mn fraud
A Russian national has been detained in Poland over suspicion of defrauding several companies of stock and property worth an estimated $12 million, the Russian Interior Ministry said.
According to Russian investigators, the suspect, Sergei Petrov, fraudulently acquired 252 million rubles (about $8 million) worth of shares in 2004 in the Urals-based UralinvestEnergo industrial group and the South Urals insulator plant, owned by the Uralinvestenergo corporation.