(Reuters) – Two former executives of Russian state nanotechnology corporation Rosnano were placed in pre-trial detention on Saturday charged with abuse of power, the Moscow courts’ press service said on Telegram. They are accused of manipulating Rosnano’s finances in an attempt to mislead the state, the firm’s sole shareholder, into maintaining financial guarantees and providing […]
World
Russian court places two former Rosnano executives in pre-trial detention
Audio By Carbonatix
(Reuters) – Two former executives of Russian state nanotechnology corporation Rosnano were placed in pre-trial detention on Saturday charged with abuse of power, the Moscow courts’ press service said on Telegram.
They are accused of manipulating Rosnano’s finances in an attempt to mislead the state, the firm’s sole shareholder, into maintaining financial guarantees and providing additional funding, Interfax news agency reported.
The two face pre-trial detention while a third former executive was given a lesser, unspecified measure of restraint.
The measures against all three were handed down by the Meshchansky district court in Moscow and are to last one month and 28 days. A trial date was not specified.
The Kremlin in 2023 said the government was closely involved in tackling Rosnano’s debt problems.
The company had warned of being unable to make debt repayments and possible bankruptcy without state support.
(Reporting by Alexander Marrow; editing by Jason Neely)