Berliner Boersenzeitung - Former Russian defence official on trial for embezzlement

EUR -
AED 3.948211
AFN 77.393755
ALL 98.435477
AMD 421.146304
ANG 1.93833
AOA 983.548103
ARS 1151.150212
AUD 1.708816
AWG 1.934849
AZN 1.822043
BAM 1.949093
BBD 2.171628
BDT 130.680338
BGN 1.956496
BHD 0.405204
BIF 3147.3549
BMD 1.074916
BND 1.438949
BOB 7.431463
BRL 6.169486
BSD 1.075499
BTN 92.13796
BWP 14.723338
BYN 3.519789
BYR 21068.359302
BZD 2.160366
CAD 1.536243
CDF 3085.544687
CHF 0.949834
CLF 0.025872
CLP 992.813983
CNY 7.801094
CNH 7.821032
COP 4441.47887
CRC 536.459074
CUC 1.074916
CUP 28.485282
CVE 110.289175
CZK 24.895815
DJF 191.033732
DKK 7.460381
DOP 68.021837
DZD 143.855441
EGP 54.326065
ERN 16.123744
ETB 138.82576
FJD 2.478919
FKP 0.830256
GBP 0.834312
GEL 2.988679
GGP 0.830256
GHS 16.656596
GIP 0.830256
GMD 76.858406
GNF 9303.400467
GTQ 8.292466
GYD 225.017823
HKD 8.358066
HNL 27.636132
HRK 7.53925
HTG 140.835396
HUF 400.567507
IDR 17882.307415
ILS 3.966086
IMP 0.830256
INR 92.546477
IQD 1408.140341
IRR 45253.975962
ISK 143.103671
JEP 0.830256
JMD 168.819106
JOD 0.762131
JPY 161.676547
KES 139.201438
KGS 92.933608
KHR 4315.789197
KMF 490.701953
KPW 967.425046
KRW 1580.42755
KWD 0.331461
KYD 0.896324
KZT 538.188134
LAK 23283.762139
LBP 96312.499878
LKR 318.693399
LRD 214.499268
LSL 19.595748
LTL 3.173948
LVL 0.650206
LYD 5.186488
MAD 10.340158
MDL 19.424343
MGA 5014.484288
MKD 61.555997
MMK 2256.972387
MNT 3743.948904
MOP 8.614239
MRU 42.797761
MUR 49.209752
MVR 16.564197
MWK 1866.054265
MXN 21.762589
MYR 4.771016
MZN 68.697852
NAD 19.595757
NGN 1650.24335
NIO 39.503133
NOK 11.368527
NPR 147.420736
NZD 1.878416
OMR 0.413808
PAB 1.075499
PEN 4.004089
PGK 4.335406
PHP 62.054668
PKR 301.303504
PLN 4.18594
PYG 8607.38262
QAR 3.913502
RON 4.977725
RSD 117.251582
RUB 90.377332
RWF 1521.54401
SAR 4.032367
SBD 9.045311
SCR 15.415763
SDG 645.486051
SEK 10.826881
SGD 1.441124
SHP 0.844715
SLE 24.50923
SLL 22540.458326
SOS 614.331751
SRD 39.078045
STD 22248.596974
SVC 9.410619
SYP 13975.974169
SZL 19.617469
THB 36.558284
TJS 11.728751
TMT 3.772956
TND 3.337575
TOP 2.517564
TRY 40.872402
TTD 7.299949
TWD 35.585969
TZS 2843.153887
UAH 44.698795
UGX 3942.434369
USD 1.074916
UYU 45.314078
UZS 13917.489586
VES 73.753828
VND 27485.609558
VUV 132.288081
WST 3.038227
XAF 653.707639
XAG 0.031906
XAU 0.000356
XCD 2.905015
XDR 0.81243
XOF 653.014444
XPF 119.331742
YER 264.456242
ZAR 19.649294
ZMK 9675.53099
ZMW 30.948221
ZWL 346.122607
  • RBGPF

    -1.7000

    65.3

    -2.6%

  • BCE

    0.1200

    22.65

    +0.53%

  • BCC

    -0.5600

    100.77

    -0.56%

  • NGG

    0.5800

    63.57

    +0.91%

  • VOD

    0.0100

    9.36

    +0.11%

  • RYCEF

    -0.1600

    10.24

    -1.56%

  • CMSC

    -0.1100

    22.94

    -0.48%

  • RIO

    0.0600

    62.87

    +0.1%

  • SCS

    0.0200

    10.6

    +0.19%

  • RELX

    -0.4300

    49.97

    -0.86%

  • CMSD

    -0.3000

    22.66

    -1.32%

  • JRI

    -0.0300

    12.96

    -0.23%

  • AZN

    -0.3300

    72.72

    -0.45%

  • BP

    0.1300

    34.42

    +0.38%

  • GSK

    -0.2700

    38.31

    -0.7%

  • BTI

    0.1100

    40.82

    +0.27%

Former Russian defence official on trial for embezzlement
Former Russian defence official on trial for embezzlement / Photo: TATYANA MAKEYEVA - AFP

Former Russian defence official on trial for embezzlement

Former Russian deputy defence minister Timur Ivanov appeared in court on Monday at the start of a high-profile embezzlement trial that could see him jailed for years.

Text size:

Ivanov, formerly in charge of Russian military construction projects, was arrested in April 2024 amid a wider crackdown on generals and military leaders suspected of corruption.

Russia has prosecuted more than a dozen military officials and defence sector workers since last year -- a crackdown on senior figures accused of siphoning off for personal gain vast amounts of money allocated for major projects.

Prosecutors have accused Ivanov of stealing 3.2 billion rubles ($38.3 million) from Moscow-based bank Intercommerz, which collapsed in 2016, and over 200 million rubles while procuring two ferries to serve Crimea.

The hearing began on Monday morning at Moscow City Court, according to an AFP reporter.

Ivanov is being tried alongside Anton Filatov, the former director of state defence corporation Oboronlogistika, which is owned by the defence ministry.

Both men proclaim their innocence.

Ivanov's lawyer, Murad Musayev, told RIA Novosti news agency the charges were "completely groundless".

- 'The glamorous general' -

Russian media have dubbed Ivanov "the glamorous general".

His family assets, which have been frozen by the Russian court, include 23 luxury and vintage cars, TASS news agency reported, citing court documents.

The 49-year-old, who had been deputy defence minister since 2016, was formally sacked in June 2024, two months after his arrest.

During the investigation, law enforcement officers seized a 2,500-square-metre (27,000-square-foot) mansion, a 420-square-metre bathhouse and a 20-acre (97,000-square-yard) plot of land, RIA Novosti reported.

The charges of embezzlement and money laundering carry a maximum sentence of 15 years.

Ivanov is widely seen as having links to Shoigu, a former defence minister who President Vladimir Putin sacked last year.

Ivanov was also the subject of an investigation published in 2022 by the Anti-Corruption Foundation -- created by late opposition leader Alexei Navalny.

It alleged the deputy minister oversaw -- and profited from -- construction projects in the Ukrainian port city of Mariupol, which Moscow captured after a weeks-long siege at the start of the conflict in 2022.

The Kremlin has stepped up its anti-graft efforts since Putin began his fifth term in office last year.

Many Russians feel frustrated that funds are being misspent at a time of economic austerity and when thousands of soldiers are in Ukraine.

(F.Schuster--BBZ)