Radiy Shigabetdinov Detained in Major Fraud Case in St. Petersburg

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In St. Petersburg, a rapper using the stage name Radiy was detained on suspicion of major fraud, according to a report on Telegram channel 112.

The channel reports that late last night, OMON officers visited the apartment of 32-year-old Radiy Shigabetdinov in the upscale Ostrov residential complex. He is also known as the former partner of Russian singer Olga Buzova.

According to the channel, the rapper allegedly set out to expand into legitimate business by controlling a large share of the quadcopter market and related equipment components, claiming an 85% stake in the market.

Investigators say Shigabetdinov used this wealth-building scheme to take advantage of depositors who were deceived by the arrangement. He is expected to be subjected to a preventive measure in the near term.

Previously, it was reported that Roman Selivanov, the Development Director at Tsifromed JSC, was caught in the act while receiving 2.5 million rubles from Sergey Shishmarev, the General Director of JSC Moscow New Center for Telecommunications Technologies, who was a victim in this case.

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