Sergei Molozhavoy Arrested In Absentia Over Privatization Fraud Allegations

In an in absentia ruling issued by the Kuzminsky District Court in Moscow, Sergei Molozhavoy, a former Deputy Minister of Property Relations in the Russian Federation and a key figure in privatization initiatives, was arrested on suspicion of fraud. The court confirmed the decision to detain him without presenting him in court, according to the court’s press service. He faces charges under Part 4 of Article 159 of the Criminal Code, which covers fraud carried out by an organized group, on a large scale, or resulting in the loss of housing rights for a citizen. If convicted, he could face up to ten years in prison. [Source: RBC]