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Cambodian court frees former Russian tycoon

PHNOM PENH (Reuters) - A Cambodian court freed Russian real estate tycoon Sergei Polonsky on Monday and he will not be extradited to Russia to face embezzlement charges there, his lawyer said. Polonsky, who was once worth $1.2 billion, is accused of fraud in a case in which authorities say 5.7 billion roubles ($175 million) was stolen from investors in a Moscow real estate development project.

Cambodia court frees Russian tycoon wanted over alleged scam

A Cambodian court on Monday freed a Russian tycoon wanted by Moscow over allegations he embezzled tens of millions of dollars in a real estate scam, and suspended extradition proceedings against him, his lawyer said. Sergei Polonsky was detained in Cambodia in November on an island off the southwestern city of Sihanoukville after a request by the Russian government, which also sought his extradition.

Cambodia court frees Russian tycoon wanted over alleged scam

A Cambodian court on Monday freed a Russian tycoon wanted by Moscow over allegations he embezzled tens of millions of dollars in a real estate scam, and suspended extradition proceedings against him, his lawyer said. Sergei Polonsky was detained in Cambodia in November on an island off the southwestern city of Sihanoukville after a request by the Russian government, which also sought his extradition.

Former Russian tycoon held in Cambodia at Moscow's request

PHNOM PENH (Reuters) - Cambodian police arrested Russian real estate tycoon Sergei Polonsky on Monday for the second time this year and said they planned to extradite him at Moscow's request to face embezzlement charges there. Polonsky, 40, who was once worth $1.2 billion, is accused of fraud in a case in which authorities say 5.7 billion roubles ($175 million) was stolen from investors in a Moscow real estate development project.

Cambodia arrests Russian tycoon over alleged scam

Cambodian authorities on Monday arrested a Russian tycoon wanted by Moscow over allegations he embezzled tens of millions of dollars in a real estate scam, a police spokesman said. A Russian court in August ordered the detention of Sergei Polonsky, who was charged in absentia for his alleged role in a 5.7 billion rouble ($174 million) swindle which defrauded more than 80 investors. Investigators have accused the businessman of orchestrating the scam linked to the construction of a housing complex in 2007-2008.

Cambodia arrests fugitive Russian property developer at Moscow's request, plans extradition

PHNOM PENH, Cambodia - Cambodian authorities say a property developer wanted by Russia for allegedly embezzling millions of dollars has been arrested in Cambodia, where he was living. Chhay Sinarith, chief of the Information Department at Cambodia's Interior Ministry, says Russian national Sergei Polonsky was arrested by Cambodian police Monday morning in the southern coastal town of Sihanoukville. Sinarith says Cambodia arrested Polonsky in response to a request by the Russian government. He says Polonsky will be sent to Russia, but an extradition date has not been set.

Russia asks for arrest of real estate businessman Polonsky

MOSCOW (Reuters) - Russian law enforcement officials on Friday sought the arrest of real estate businessman Sergei Polonsky, believed to be in Israel, to face trial over fraud charges. The country's interior ministry asked a court to put Polonsky under arrest in absentia and requested that a procedure to extradite him should begin, a statement posted on the ministry's website said on Friday.

Russia sentences tycoon Lebedev to 150 hours labour for battery

A Moscow court on Tuesday convicted tycoon Alexander Lebedev for battery of another businessman during a televised talk show in 2011, sentencing him to 150 hours of community labour. The court found Lebedev, who owns several major newspapers in Russia and Britain, guilty of assaulting construction magnate Sergei Polonsky in September 2011, Russian agencies reported. ma/zak/jmm

Russian tycoon Lebedev sentenced to 150 hours of community service for assault

MOSCOW - A Russian tycoon who financed a newspaper critical of the Kremlin was found guilty Tuesday of assault for punching a talk show guest and sentenced to 150 hours of community service. Alexander Lebedev, who owns the Novaya Gazeta newspaper, punched property developer Sergei Polonsky during a TV talk show in 2011. Lebedev dismissed the criminal case as politically motivated, and his lawyer told Russian news agencies that his team will appeal the verdict by a Moscow district court.

Russia sentences tycoon Lebedev to 150 hours labour for battery

A Moscow court on Tuesday convicted tycoon Alexander Lebedev for battery of another businessman during a televised talk show in 2011, sentencing him to 150 hours of community labour. The Ostankinsky District Court found Lebedev, who owns several major newspapers in Russia and Britain, guilty of assaulting construction magnate Sergei Polonsky in September 2011, Russian news agencies reported. Lebedev, a maverick banker and former intelligence officer who owns Moscow's opposition newspaper Novaya Gazeta together with Mikhail Gorbachev, has labelled the case as fabricated.
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