Russian economy minister detained over alleged $2 million bribe

Russian economy minister detained over alleged $2 million bribe

ST. PETERSBURG, Russia — Russia’s Economic Development Minister Alexei Ulyukayev was detained over allegations he took a $2 million bribe in return for supporting a major oil company, authorities said Tuesday.

The Investigative Committee anti-corruption body said in a statement that Ulyukayev was held late Monday after allegedly taking the money in a sting set up by security officials.

He is accused of taking the bribe for allowing the state-controlled oil giant Rosneft to acquire a 50% stake in another oil company, Bashneft.

Ulyukayev is the highest-ranking Russian official to have been arrested since the 1991 coup attempt in the then-Soviet Union.

No formal charges have been brought, according to the RIA Novosti news agency.

Source: http://www.usatoday.com/story/news/world/2016/11/15/russian-economy-minister-detained-over-alleged-2-million-bribe/93874506/

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