Support The Moscow Times!

Jailed Russian Banker Warns Businesspeople of Same Fate in Newspaper Ad

Vedomosti

A Russian banker awaiting trial on organized crime charges has taken out a full-page newspaper ad to give a New Year’s Eve warning to businesspeople that they too could face a similar fate.

Alexander Popov’s message in the Vedomosti business daily Wednesday comes as Russian authorities consider limiting the use of organized-crime laws in corporate disputes and economic crimes. President Vladimir Putin extended punishments, including adding life sentences, for crime bosses this year.

Popov, Tolyattikhimbank’s executive for nearly two decades until this fall, faces up to 20 years on suspicion of major fraud and tax evasion in addition to creating and participating in an organized criminal group. Moscow’s Basmanny district court extended his pre-trial detention until Feb. 1, 2020.

“Happy New Year, dear businessmen! The end of December: gifts, traffic jams, parties,” opens Popov’s ad shared by New York Times reporter Ivan Nechepurenko.

“You’re getting ready to go on vacation, but tomorrow you can go to prison,” Popov continues.

Dozens of businesspeople and entrepreneurs are currently awaiting trial under the organized-crime article, Popov says in the full-page ad. He noted that the authorities do not disclose the number of people charged with organized crime.

The Kremlin is considering reforming the contentious law after Russia’s Supreme Court called for fewer prosecutions of entrepreneurs under the organized-crime statute. 

“Indeed, this topic has been discussed at a number of meetings and, indeed, we’re in the final stages of formulating positions,” Kremlin spokesman Dmitry Peskov was quoted as saying Wednesday.

Peskov declined to say when the reforms would be put forward, the state-run TASS news agency reported.

… 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