News
- 25 June 2008, 07:25
- The Prosecutor General's Office of the Russian Federation
The European Court of Human Rights recognized that the request submitted by the Prosecutor General’s Office of the Russian Federation for extradition of Russian citizen Yuri Privalov charged with economic crimes, was legal.
The investigative authorities found out that Yu.Privalov, as Director General of the subsidiary JSC “Sovkomflot” – “Fiona Maritime Agencies Ltd.” (Great Britain) and at the same time by proxy of JSC “Sovkomflot”, as a representative of the company “Fiona Trust and Holding Corporation” (Liberia), set up an organized group in order to cause property damage to the owner – JSC “Sovkomflot”, where 100% of nominal capital belonged to the Russian Government.
As the result of the criminal activities of Yu.Privalov carried out from 2001 to 2004, JSC “Sovkomflot” suffered damage in the amount of USD 250 million.
The funds obtained from the performance of illegal transactions were invested in the construction and oil industries of Russia by providing loans, buying out shares in a number of companies. Thus, over USD 200 million were legalized.
The investigative authorities charged Yu.Privalov with the commission of crimes defined by Article 165, part 3, paras. “a, b”, Article 174-1, part 4 (infliction of property damage by means of deceit and abuse of trust committed by an organized group on especially large scale and legalization (laundering) of proceeds of crime or other property performed by an organized group) of the criminal Code of the Russian Federation. The criminal case against Yu.Privalov is under investigation within the Chief Investigative Department under the Investigative Committee of the Public Prosecution Service of the Russian Federation.
Fugitive Yuri Privalov, who fled from investigation, was located in Great Britain and later detained in Switzerland.
In 2006, the Prosecutor General’s Office of the Russian Federation sent a request for his extradition to the competent authorities of the above-mentioned states.
In December 2007, the Federal Department of Justice and Police of the Swiss Confederation made a decision to extradite Yuri Privalov to Russia.
Due to the fact that Yuri Privalov appealed against the extradition decision to the European Court of Human Rights, the extradition procedure was suspended.
By virtue of close co-operation between the Prosecutor General’s Office of the Russian Federation and Swiss colleagues, including during consideration of the claim in the European Court of Human Rights, the Russian party secured a positive decision on extradition of Yu.Privalov to Russia.
At present, the European Court of Human Rights confirmed the legality of the decision for extradition of Yu.Privalov to the Russian Federation.
On June 30, 2008, the competent authorities of the Swiss Confederation extradited Russian citizen Yuri Privalov charged with economic crimes to Russia.
The Prosecutor General's Office
of the Russian Federation
The Prosecutor General's Office of the Russian Federation
25 June 2008, 07:25
The European Court of Human Rights Admitted a Request of the Prosecutor General’s Office of the Russian Federation for Extradition of Russian Citizen Yuri Privalov Charged with Economic Crimes
The European Court of Human Rights recognized that the request submitted by the Prosecutor General’s Office of the Russian Federation for extradition of Russian citizen Yuri Privalov charged with economic crimes, was legal.
The investigative authorities found out that Yu.Privalov, as Director General of the subsidiary JSC “Sovkomflot” – “Fiona Maritime Agencies Ltd.” (Great Britain) and at the same time by proxy of JSC “Sovkomflot”, as a representative of the company “Fiona Trust and Holding Corporation” (Liberia), set up an organized group in order to cause property damage to the owner – JSC “Sovkomflot”, where 100% of nominal capital belonged to the Russian Government.
As the result of the criminal activities of Yu.Privalov carried out from 2001 to 2004, JSC “Sovkomflot” suffered damage in the amount of USD 250 million.
The funds obtained from the performance of illegal transactions were invested in the construction and oil industries of Russia by providing loans, buying out shares in a number of companies. Thus, over USD 200 million were legalized.
The investigative authorities charged Yu.Privalov with the commission of crimes defined by Article 165, part 3, paras. “a, b”, Article 174-1, part 4 (infliction of property damage by means of deceit and abuse of trust committed by an organized group on especially large scale and legalization (laundering) of proceeds of crime or other property performed by an organized group) of the criminal Code of the Russian Federation. The criminal case against Yu.Privalov is under investigation within the Chief Investigative Department under the Investigative Committee of the Public Prosecution Service of the Russian Federation.
Fugitive Yuri Privalov, who fled from investigation, was located in Great Britain and later detained in Switzerland.
In 2006, the Prosecutor General’s Office of the Russian Federation sent a request for his extradition to the competent authorities of the above-mentioned states.
In December 2007, the Federal Department of Justice and Police of the Swiss Confederation made a decision to extradite Yuri Privalov to Russia.
Due to the fact that Yuri Privalov appealed against the extradition decision to the European Court of Human Rights, the extradition procedure was suspended.
By virtue of close co-operation between the Prosecutor General’s Office of the Russian Federation and Swiss colleagues, including during consideration of the claim in the European Court of Human Rights, the Russian party secured a positive decision on extradition of Yu.Privalov to Russia.
At present, the European Court of Human Rights confirmed the legality of the decision for extradition of Yu.Privalov to the Russian Federation.
On June 30, 2008, the competent authorities of the Swiss Confederation extradited Russian citizen Yuri Privalov charged with economic crimes to Russia.
