Deputy Russian FM charged with attempted embezzlement of state funds

November 23, 2007 19:21


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


A deputy Russian finance minister who is a prominent authority on international financial relations was charged Friday with large-scale fraud and trying to embezzle millions in state funds, his lawyer said. The arrest of Sergei Storchak shocked many of the country's top bankers and prompted media speculation that the investigation has a political element amid uncertainty about President Vladimir Putin's future. Storchak is charged with trying to embezzle $43 million in government money, his lawyer, Igor Pastukhov, said. Pastukhov said Storchak had pleaded innocent and was cooperating with investigators. "He absolutely does not admit his guilt. It's considered - and we fully support this - that his actions were fully in line with his official duties, resolving those tasks ... that were in the interest of the state," Pastukhov said in televised comments.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

A fighter of the Islamic State of Iraq and the Levant (ISIL) holds an ISIL flag and a weapon.
May 22, 2019
UN envoy to Iraq calls for international support to prevent IS resurgence