Media: the Arrested CEO of Russian venture company

the CEO of the Russian venture company (RVC) Alexander Povalko detained. This was reported by RBC, citing a source close to the company, and one of the market participants.

According to a source in the Central apparatus of the interior Ministry, the Povalko was detained for 48 hours.

on 3 June, it was reported that staff of the economic security service of the Federal security service (SEB FSB) and police carried out searches in the office and the home of the Povalko, reported “Kommersant” with reference to sources. According to interlocutors of the newspaper, the criminal case in which the searches were initiated on the fact of abuse of authority (part 2 of article 201 of the criminal code).

the Source of “Vedomosti” in law enforcement noted that the new case grew out of a case of theft from RVC nearly $23 million under the pretext of investment funds in the United States. In embezzlement the accused ex-Director of Department of investments and member of the management Board of RVC Yan Ryazantsev and co-founder of Bright Capital Mikhail Chuchkevich. Both were arrested, but later released.

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