Author Topic: Russian police detain Deputy Finance Minister  (Read 505 times)

Lorenzo

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Russian police detain Deputy Finance Minister
« on: November 17, 2007, 04:21:19 AM »
MOSCOW (Reuters) - Russian police detained Deputy Finance Minister Sergei Storchak on criminal charges, a senior police source told Reuters on Friday, declining to give the details of the criminal case.

Ekho Moskvy radio station and Interfax news agency reported, quoting unidentified sources, that Storchak had been due to fly to South Africa on Thursday for a meeting of finance ministers of the 20 most industrialized and important emerging economies but did not show up on the government's plane.

Storchak is responsible for Russia's debt policy and oversees the $148 billion stabilization fund. The Finance Ministry was not immediately available for comment.

Tass news agency quoted a source in the Finance Ministry as saying the FSB security police had searched Storchak's office in the ministry on Friday.

A Finance Ministry delegation headed by Minister Alexei Kudrin is currently in Cape Town for the meeting of G20 central bankers and finance ministers this weekend to discuss the rebalancing of global currencies as the dollar weakens.

Storchak is seen as a close associate of Kudrin, Russia's economic policy tsar who was recently promoted to the rank of Deputy Prime Minister.

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