Friday 13 February 2009

Russia finance officials in graft probe

Russia’s prosecutor’s office accused senior members of Russia’s finance ministry of corruption on Thursday as a battle within the cabinet deepens over how to share dwindling state revenues.

Alexander Bastrykin, the head of the investigative committee of the prosecutor-general’s office named two individuals, one current and one former official at the finance ministry, in an investigation.

“It has been established by investigators that the embezzlement of state funds in very large amounts has been done by acting deputy minister of finance Sergei Storchak and the former deputy minister of finance Vadim Volkov,” he said. Mr Volkov worked in the position from 1999 to 2004.

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