MOSCOW, February 12. /TASS/. The Meshchansky District Court of Moscow has arrested Andrey Severilov, former Chairman of the Board of Directors of the FESCO Transportation Group, on charges of large-scale embezzlement, a participant in the court proceedings told TASS.
TASS has compiled the main details of the situation.
On Wednesday, Andrey Severilov and FESCO Group Vice President Boris Ivanov were detained in Moscow on suspicion of large-scale embezzlement.
They are suspected of embezzlement on an especially large scale (Part 4, Article 160 of the Russian Criminal Code), law enforcement agencies told TASS.
The penalties under this article include imprisonment for up to ten years and a fine of up to 1 million rubles ($12,949)
