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| My Orchids. Phalaenopsis "Red October". Photo ET |
Russian oligarch
Yevtushenkov placed under house arrest
According to multiple Press reports, Russian oligarch Vladimir Yevtushenkov has been placed under house
arrest. The India Times is quoted by saying that “Russian investigators said on
Tuesday they had placed Vladimir Yevtushenkov, the chairman of conglomerate
Sistema, under house arrest, accusing him of money-laundering in connection
with the acquisition of shares in oil producer Bashneft.”
Yevtushenkov owns 64%
of Sistema, Russia’s largest conglomerate. According to the Financial Times, “Sistema
said in a statement that it considered the allegations against him “wholly
unfounded” and said it would use all possible legal means to make its case.”
Sistema’s Board is of
particular interest to Luxembourg, as Vladimir Yevtushenkov is also Honorary
Consul of Luxembourg, and former Luxembourg Minister of the Economy Jeannot
Krecké is a Board member of Sistema, along with the former British Minister and
EU Commissioner Lord Mandelson.
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