Russia: Summa owner jailed on embezzlement charges

The owner of private investment company Summa Group Ziyavudin Magomedov and his brother Magomed Magomedov were sentenced to two months in jail in Moscow on Saturday for the embezzlement of budgets and creation of criminal communities. Tver Court Judge Maria Sizintseva said the Magomedov brothers will be in custody «for two months, until May 30, 2018.» The total amount of the embezzled assets... Еще by Magomedovs amounts to more than 2 billion Rubles. The Investigation Department of the Ministry of Internal Affairs of Russia stated that the investigative actions were also carried out within the framework of the investigation of the theft of more than 752 million Rubles in the construction of the Arena Baltica stadium in Kaliningrad for the 2018 World Cup in Russia.

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