Disgraced Russian MP awarded plum job at state company

By bne IntelliNews April 12, 2013

bne -

Disgraced former Russian parliamentarian Vladimir Pekhtin, who was forced to quit over corruption allegations in February, has been handed a plum job on the board of directors of state-owned power company RusHydro.

The former head of the Duma's ethics committee and a founding member of the ruling United Russia party, Pekhtin was forced to resign when opposition leader Alexei Navalny disclosed he has several million dollars worth of real estate in the USA that he had not declared.

A unnamed source close to the company told newswires that Pekhtin joined the company by personal invitation from RusHydro's CEO Yevgeny Dod. In late February, media reported that Pekhtin could be appointed deputy CEO of RusHydro or might even replace Dod.

The RusHydro CEO has his own problems. The company has been caught up in its own corruption scandal, and Dod received a tounge lashing from Russian President Vladimir Putin earlier this year for his failure to get to the bottom of allegations that billions of rubles have been embezzled during the construction of the Zagorskaya hydropower plant in the Moscow region. The Investigation Committee has now opened a criminal investigation into the issue.

Related Articles

Drum rolls in the great disappearing act of Russia's banks

Jason Corcoran in Moscow - Russian banks are disappearing at the fastest rate ever as the country's deepening recession makes it easier for the central bank to expose money laundering, dodgy lending ... more

Kremlin: No evidence in Olympic doping allegations against Russia

bne IntelliNews - The Kremlin supported by national sports authorities has brushed aside "groundless" allegations of a mass doping scam involving Russian athletes after the World Anti-Doping Agency ... more

PROFILE: Day of reckoning comes for eccentric owner of Russian bank Uralsib

Jason Corcoran in Moscow - Revelations and mysticism may have been the stock-in-trade of Nikolai Tsvetkov’s management style, but ultimately they didn’t help him to hold on to his ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss