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.

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