An ongoing investigation into the embezzlement of funds and assets from a Russian Defense Ministry holding company, called Oboronservis, has led to the detainment of two new suspects, accused of stealing more than RUB 10 mln from the Ministry, the Russian media reported June 6. ...

Russian Rosbank’s board chairman, Vladimir Golubkov, was caught red handed as he accepted a bribe to better the loan conditions of an unknown company, the international media reported May 16. ...

Poland’s conservative opposition party, the Law and Justice (PiS) party, accused Prime Minister Donald Tusk’s close associate, Jan Krzysztof Bielecki, of lobbying to help a Russian company take over one of Poland’s strategic chemicals players, the local media reported May 13. ...

Russia will launch an international search for William B, a British entrepreneur accused of tax fraud, and employer of deceased lawyer Sergei Magnitsky, the Russian media reported, April 17. ...

Russian oligarch Vladimir Ivanov has admitted to losing his EUR 250 mln fortune after the failure of his majority owned Lithuanian bank, Ukio Bankas. ...

Russian Foreign Minister Sergei Ivanov promised state protection in exchange for reporting instances of corruption, the international media reported April 2. ...

The European Union, European Central Bank and the European Commission held their breaths as the Cypriot government sat down to re-vote on the proposed levy on deposits, created as a condition for a EU bail-out of the country’s ailing economy. ...

The sudden death of Russian oligarch Boris Berezovsky may not have been accidental, the international media reports. ...

A recent interview in the Russian media given by outgoing Russian Central Bank chief Sergey Ignatyev sent a clear message that the Kremlin may be planning to reign in corruption at home, top Russian economist Ivan Tchakarov said. ...