Ex-leader of Naftogaz Ukraine company arrested in Moscow

Source : 112 Ukraine

Ihor Bakay’s name appeared in the case of large-scale fraud
18:22, 31 October 2017

112 Agency

Taganskiy court in Moscow sanctioned the arrest of Ihor Bakay, the former CEO at NSC Naftogaz Ukraine; the official was detained due to the investigation into the large-scale fraud. Yulia Sukhinina, the court’s press secretary said that as quoted by Kommersant.

‘The court granted motion of the investigators and chose to hold Bakay in detention until November 12,’ she said, explaining that the official is part of with the large-scale fraud case. Sukhinina failed to explain, whether Bakay was a suspect or the defendant in this case.

Ukraine’s TSN TV channel reported that Bakay’s accountant manager and advisor were detained as well.

Related: Ukraine’s Prosecution agrees to extradite a fraud suspect upon US request

Since 1998 till 2000, Ihor Bakay served as the CEO at NSC Naftogaz Ukraine; in 2003-2004, he was the Chairman of the State Administrative Department. In 2004, he left Ukraine and soon received the Russian citizenship. The Ukrainian media assumed that his escape was due to suspicions of the involvement in serious economic crimes, which Bakay committed while serving as the head of the State Administrative Department.        

In spring 2005, Ukrainian law enforcers charges Bakay with power abuse and illicit alienation of state property. The investigation found out that the State Administrative Department illegally spent over 30 million U.S. dollars. Later, the related cases were dismissed, and Bakay disappeared from the list of internationally wanted persons.

Related: Son of Russian MP sentenced in US to 27 years in prison for cyber-fraud

Related: Hontareva: Fraud transactions for $600 million in PrivatBank

Related: Entrepreneur who organized fraud with petroleum products detained in Dnipro

Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

see more