×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Bilalov Charged Over Olympic Graft

Investigators have charged businessman Magomed Bilalov with malfeasance in connection with funds intended for the construction of Olympic sports facilities.

Magomed Bilalov, a former deputy chairman of property developer Krasnaya Polyana's board of directors, was charged in absentia, Interfax reported.

He is the brother of Akhmed Bilalov, who was accused by the Prosecutor General's Office of spending money allocated to the state corporation North Caucasus Resorts, which he headed, on lavish trips to London and across Russia.

Magomed Bilalov said he was receiving medical treatment in Britain and was unavailable to report for questioning, the investigators said.

In the near future the Interior Ministry will decide whether to issue an international search warrant for Bilalov.

Investigators said that Magomed Bilalov received loans from Sberbank for the construction of facilities and then deposited the funds at the National Business Development Bank. Later, he got the money back in the form of loans from that bank.

… 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