Accused of Yukos subsidiary's funds embezzlement extradited from Cyprus

Accused of Yukos subsidiary's funds embezzlement extradited from Cyprus

Russian Vyacheslav Shimkevich is accused of Tomskneft VNK JSC 1.5 billion rubles ($26.6m) embezzlement.

Cyprus extradited Vyacheslav Shimkevich at the request of Russia. He is accused of embezzlement of Yukos subsidiary's property, JSC Tomskneft VNK.

As it is said in the message of the Prosecutor General’s Office of the Russian Federation, Shimkevich, who in 2005 was holding top manager's post in Tomskneft VNK, signed a number of fictitious contracts on sale of oil extracted by subsidiary of Yukos with the Samara LLC Rekma V. G.

As investigators found out, oil of the Samara company was on sale at the price which was 20% lower then the market price. Oil received from the Tomsk company, Rekma resold to the contractors already at actual cost. As a result, Tomskneft suffered damage in more than 1.5 billion rubles ($26.6m). Vyacheslav Shimkevich and director of Tomskneft VNK Natalya Konovalova cashed these means subsequently and used at own discretion. Konovalova was extradited to Russia in November, 2015. 

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