Former Top Executives of Rosnano Arrested in ₽45 Billion Embezzlement Case

Four former top executives of Rosnano have been arrested in connection with the embezzlement of ₽45 billion. Among those detained are former Executive Director Boris Podolsky and former Managing Director of Finance Artur Galstyan.

Jan 31, 2025 - 17:10
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Former Top Executives of Rosnano Arrested in ₽45 Billion Embezzlement Case
Photo taken from public sources

What Happened?

According to media reports, the arrests are linked to financial fraud uncovered during an investigation into Rosnano’s operations.

  • Authorities claim that former executives illegally siphoned off ₽45 billion from the corporation.
  • Four high-ranking ex-managers were arrested in different regions.
  • Boris Podolsky and Artur Galstyan have already been taken in for questioning.

What Are the Charges?

The investigation is focused on misuse of state funds and large-scale fraud.

Key allegations:

  • Asset diversion through fraudulent transactions.
  • Causing multi-billion-ruble damage to the state.
  • Abuse of official position.

What’s Next?

  • A court will soon decide on pretrial detention measures for the accused.
  • Authorities continue to analyze financial records, with more arrests possible.
  • Rosnano has not yet issued an official statement.
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