Russian Prosecutors Seek Seizure of Billionaire Moshkovich’s Assets in Fraud Case

Moscow– Russian prosecutors have asked a court to approve the seizure of assets belonging to billionaire Vadim Moshkovich, founder of major agricultural producer Rusagro, in connection with an embezzlement case involving 30 billion roubles ($400 million), state news agency RIA reported on Friday.

Moshkovich, who served in Russia’s upper house of parliament from 2006 to 2014, was arrested in March and has pleaded not guilty to the charges.

RIA said the request also covers five other defendants, including former Rusagro Chief Executive Maxim Basov.

A court hearing on the matter is scheduled for May 4.Prosecutors are seeking to seize land plots, movable and immovable property, cash and company assets worth several billion roubles.