Support The Moscow Times!

Britain Fines Ex-Sibir CEO

LONDON — Britain’s Financial Services Authority fined Sibir Energy’s former CEO Henry Cameron £350,000 pounds ($529,000) for failing to disclose that the company made cash payments to shareholder Shalva Chigirinsky.

Cameron did not admit guilt and agreed to settle because it cost too much to defend himself, he said. By cooperating with the probe, Cameron qualified for a 30 percent discount on his fine, the FSA said.

(Bloomberg)


… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more