Russia places top billionaire under house arrest, alleges money-laundering

Sep 17, 2014

Russia places top billionaire under house arrest, alleges money-laundering

Russian authorities said Tuesday they had placed a top billionaire, Vladimir Yevtushenkov, under house arrest, accusing him of money-laundering. With a fortune of $9 billion (€7 billion), Yevtushenkov, the 65-year-old head of Russian holding company AFK Sistema, is Russia’s 15th-richest man, according to Forbes ...