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Russia extends pre-trial detention of billionaire Moshkovich till Aug 25, lawyer says - Finance news and analysis from Global Banking & Finance Review
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Russia extends pre-trial detention of billionaire Moshkovich till Aug 25, lawyer says

Published by Global Banking & Finance Review

Posted on May 20, 2025

1 min read

· Last updated: May 20, 2025

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Russian Court Extends Billionaire Moshkovich's Detention to August 25

MOSCOW (Reuters) -A Russian court on Tuesday extended the pre-trial detention of Vadim Moshkovich, the billionaire founder of Russia's top agriculture company Rusagro who faces charges of embezzlement, until August 25, his lawyer told Reuters.

Moshkovich, a member of Russia's upper house parliament between 2006 and 2014, was remanded in custody for two months in late March and has been charged with embezzling 30 billion roubles ($372.67 million). He has pleaded not guilty to the charges.

($1 = 80.5000 roubles)

(Reporting by Olga Popova; Writing by Alexander MarrowEditing by Gareth Jones)

Key Takeaways

  • Vadim Moshkovich's detention extended to August 25.
  • Moshkovich faces embezzlement charges of 30 billion roubles.
  • He is the founder of Rusagro, a leading agriculture company.
  • Moshkovich served in Russia's upper house parliament.
  • He has pleaded not guilty to the charges.

Frequently Asked Questions

What is Vadim Moshkovich charged with?
Vadim Moshkovich faces charges of embezzling 30 billion roubles, which is approximately $372.67 million.
How long has Moshkovich's pre-trial detention been extended?
A Russian court has extended Moshkovich's pre-trial detention until August 25.
What is Moshkovich's background?
Vadim Moshkovich is the billionaire founder of Rusagro, Russia's top agriculture company, and served in the upper house of parliament from 2006 to 2014.

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