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Lukashenko sends 16 top managers of Gazprom bank to prison

Christian Fernsby |
President of Belarus Alexander Lukashenko continues to raise stakes in the conflict with Moscow.

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Topics: LUKASHENKO    GAZPROM   

After inconclusive negotiations on gas prices held last week, the Committee of State Control (KGC) of Belarus carried out searches at the head office of Belgazprombank, the former head of which, Viktor Babariko, decided to run for president in the upcoming August 9 elections.

15 top managers of the bank, which is 99.6% owned by the Russian gas giant Gazprom and Gazprombank, are suspected of creating an organized criminal group in order to withdraw funds abroad.

According to Belarus 1 TV channel, another head of the bank, the head of the regional directorate, Sergei Karmizov, was detained in Mogilev on Sunday. A criminal case of embezzlement by abuse of office on a particularly large scale has been opened against him. He is also charged with manipulating loans.

Three days earlier, the KGC's Department of Financial Investigations had opened a criminal case into tax evasion on a particularly large scale and the legalization of funds obtained by criminal means.


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