Support The Moscow Times!

RusAl Office Raided by Investigators

The central Moscow headquarters of aluminum giant RusAl were raided by investigators Tuesday as part of allegations of massive tax evasion at its foil-making subsidiary.

The materials uncovered during the raid will be added to the case files, the Investigative Committee's Moscow branch said on its website.

The raid was based on "groundless claims" by tax authorities and the Investigative Committee against RusAl Foil and its management, the aluminum producer said in a statement on its website.

"The Moscow Arbitration Court decision on which the claims are based has not come into effect and will be appealed by the company," the statement said.

The Investigative Committee opened a probe earlier this month into RusAl Foil chief executive Igor Kasyanov on suspicion that he evaded more than 200 million rubles ($6.5 million) in income and value-added taxes.

Investigators suspect Kasyanov of providing fake information on RusAl Foil expenses attributed to its cooperation with a bogus firm purportedly used to evade taxes between 2008 and 2009.

The parent company denies those allegations.

Related articles:

… 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.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more