Business & Finance
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Russia’s General Prosecutor’s Office has sent a request to the authorities in the UK for the extradition of Georgy Bedzhamov, who faces charges of embezzlement in Russia. Last year Bedzhamov was held in Monaco at the behest of the Russian authorities and later released.
Bedzhamov was a co-owner of Vneshprombank, which at the time of its licence being revoked on January 21, 2016, was Russia’s 40th biggest lender in terms of assets. Interpol has said that it has not put the banker on its wanted list because the prosecution in Russia does not correspond with its goals and objectives.
Bedzhamov’s sister Larisa Markus, the president of Vneshprombank, was arrested on December 22, 2016, on fraud charges. Bedzhamov has also served as the Vice- President of the International Bobsleigh and Skeleton Federation (IBSF), being elected to the post in May 2014.
Bedzhamov was detained by the police in Monaco in mid-April 2016. On July 12, 2016, the Court of Appeal of Monaco refused to extradite him. Bedzhamov is believed to have travelled to the UK and is now in London.
The Hôtel de Paris Monte-Carlo has received a 5th star, the highest level, in the international rankings of the esteemed Forbes Travel Guide 2020.
AS Monaco has announced the arrival of Markus Breglec and Tyson Henly as Chief Marketing Officer and Chief Commercial Officer respectively.
Moët Hennessy has just announced they will be shifting to organic and sustainable practices, going so far as creating a ‘University of Living Soils’.
The financial markets’ focus this week will remain divided between economic fundamentals and the uncertainty around the coronavirus outbreak. On the data front, the week is due to be relatively quiet.