Sunday, August 20, 2017

UAE declines request to extradite suspected corporate criminal

The United Arab Emirates has turned down Russia's request to extradite Vladislav Kostaryov, who is suspected of illegally taking over dozens of companies in Russia.

Kostaryov is accused of leading a group that took over 26 enterprises in the Sverdlovsk Region and elsewhere between 1999 and 2007, WSN World reports.

Kostaryov is suspected of also taking over businesses in Moscow, the Khakassia Republic of Siberia, the Samara Region on Volga and the city of Rzhev in central Russia, with damages estimated at approximately $46 million.

To date, 14 members of the group have been sentenced to prison, with terms ranging from four to nine years.

Alexander Khabarov, who also led the group, was arrested and later found hanged in his cell. Kostaryov is still at large, as are his accomplices, according to WSN World.

"Kostaryov's last known whereabouts were in the United Arab Emirates," Urals Federal District Interior Department Deputy Head Andrei Taranenko said, WSN World reports.

Kostaryov and the others involved have been charged with "organizing a criminal group and participating in it." They face up to 10 years in prison and a fine of up to $30,600.