Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Russian minister was implicated in embezzlement investigation before death, sources say
    Headlines

    Russian minister was implicated in embezzlement investigation before death, sources say

    Published by Global Banking & Finance Review®

    Posted on July 8, 2025

    3 min read

    Last updated: January 23, 2026

    Russian minister was implicated in embezzlement investigation before death, sources say - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Presidentfinancial crisisinternational financial institutioncorporate governancefinancial stability

    Quick Summary

    Russian minister Roman Starovoit was implicated in an embezzlement investigation before his death. He was dismissed by Putin and found dead near Moscow.

    Russian minister was implicated in embezzlement investigation before death,

    MOSCOW (Reuters) -A sacked Russian official who was found dead with a gunshot wound in a park outside Moscow was implicated in an official investigation into the embezzlement of funds for strengthening the border with Ukraine, two sources told Reuters.

    President Vladimir Putin on Monday dismissed Roman Starovoit, a former Kursk governor, as transport minister and asked Starovoit's deputy to replace him. Starovoit was found dead at a park just outside Moscow, state investigators announced a few hours later.

    Two sources told Reuters on condition of anonymity that Starovoit's dismissal had been planned for some time because he was suspected of being involved in the embezzlement of funds earmarked for strengthening the defences in the Kursk region.

    The sources spoke on condition of anonymity due to the sensitivity of the situation. Starovoit's family could not be reached for comment.

    The Kremlin said it was shocked by news of his death, but has refused to disclose the reasons for his dismissal. State prosecutors did not respond to a request for comment.

    Thousands of Ukrainian soldiers smashed their way across the Russian border into the Kursk region in August 2024, the biggest foreign incursion into Russia since World War Two, in what was a major embarrassment for the Russian army.

    Ukrainian forces were only pushed out of Kursk earlier this year, but swathes of the region were devastated and Russia said tens of thousands of Ukrainian soldiers had been killed or injured in the battles there. It did not disclose its own losses but Ukraine said they had been heavy.

    RBC, a leading Russian media group, reported that Russian law enforcement agencies were checking Starovoit's involvement in the embezzlement of funds in the Kursk region.

    Kommersant, one of Russia's leading newspapers, said those accused in the case had given evidence against Starovoit.

    State prosecutors said in December that they had discovered embezzlement - including overstating construction costs - of some of the 19.4 billion roubles ($248 million) in state spending earmarked for strengthening the border in Kursk.

    The work on strengthening the border began when Starovoit was governor of Kursk. Prosecutors said the work was not finished on time and that at least 3.2 billion roubles ($41 million) was missing.

    Russia's State Investigative Committee, which investigates serious crimes, said its principal hypothesis was that Starovoit had taken his own life. A gun was found near his body.

    It gave no further details and did not specify when he had been found dead.

    (Reporting by Reuters; editing by Guy Faulconbridge, Aidan Lewis)

    Key Takeaways

    • •Russian minister Roman Starovoit was implicated in embezzlement.
    • •Starovoit was dismissed by President Putin before his death.
    • •He was found dead with a gunshot wound near Moscow.
    • •The embezzlement involved funds for the Kursk region's border.
    • •State prosecutors are investigating the missing funds.

    Frequently Asked Questions about Russian minister was implicated in embezzlement investigation before death, sources say

    1What was Roman Starovoit implicated in?

    Roman Starovoit was implicated in an official investigation into the embezzlement of funds intended for strengthening the Russian border.

    2What happened to Roman Starovoit?

    Roman Starovoit was found dead with a gunshot wound in a park outside Moscow, shortly after being dismissed as transport minister.

    3What did the Kremlin say about Starovoit's death?

    The Kremlin expressed shock at the news of Starovoit's death but did not disclose the reasons for his dismissal.

    4What were the findings of the state prosecutors regarding the embezzlement?

    State prosecutors discovered embezzlement involving overstated construction costs of some 19.4 billion roubles, with at least 3.2 billion roubles missing.

    5What is the hypothesis regarding Starovoit's death?

    Russia's State Investigative Committee stated that their principal hypothesis was that Starovoit had taken his own life, as a gun was found near his body.

    More from Headlines

    Explore more articles in the Headlines category

    Image for US wants Russia, Ukraine to end war by summer, Zelenskiy says
    US wants Russia, Ukraine to end war by summer, Zelenskiy says
    Image for Russia to interrogate two suspects over attempted killing of general, report says
    Russia to interrogate two suspects over attempted killing of general, report says
    Image for Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Image for Ukraine backs Pope's call for Olympic truce in war with Russia
    Ukraine backs Pope's call for Olympic truce in war with Russia
    Image for Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Image for The Kyiv family, with its pets and pigs, defying Russia and the cold
    The Kyiv family, with its pets and pigs, defying Russia and the cold
    Image for Not Italy's Devil's Island: Sardinia bristles at mafia inmate plan
    Not Italy's Devil's Island: Sardinia bristles at mafia inmate plan
    Image for Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Image for Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Image for Trump says good talks ongoing on Ukraine
    Trump says good talks ongoing on Ukraine
    Image for France to rally aid for Lebanon as it warns truce gains remain fragile
    France to rally aid for Lebanon as it warns truce gains remain fragile
    Image for Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    View All Headlines Posts
    Previous Headlines PostRussia's FSB security service to get its own pre-trial detention centres, deputy says
    Next Headlines PostLammy says UK will go further in measures against Israel if situation in Gaza continues