Black Friday Sale! Save huge on InvestingProGet up to 60% off

Russian, Belarussian fugitives arrested in Spanish resort for fraud - police

Published 02/03/2016, 16:44
Updated 02/03/2016, 16:50
Russian, Belarussian fugitives arrested in Spanish resort for fraud - police

MADRID (Reuters) - Spanish police have arrested two fugitives from Russia and Belarus in the Mediterranean resort town of Marbella wanted by Russian authorities for multi-million-euro fraud, a police statement said on Wednesday.

It said Russia had requested the extradition of a 62-year-old Russian man who had fled with 6.5 million euros (5.01 million pound) after his construction firm failed to complete a government contract in the Sochi area.

Police said the man, who they did not name, had funnelled leftover cash from the contract through "fictional companies." He was arrested in early February, the statement said.

In a separate case in Marbella, an increasingly popular destination for holidaying Russians, police arrested a 51-year-old Belarussian man wanted by Russia on suspicion of defrauding a housing company of just over 600,000 euros ($649,860).

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.