Dmitry Zakharchenko, the deputy head of the Energy Industry Department of the General Administration of Economic Security and Combating the Corruption, also had €2m in cash.
Zakharchenko won't say where the money came from, but swears he's done nothing wrong.
Russia is clearly trailing China in the corruption wars. In China, raids on anti-corruption officials yield so much cash that it burns out the motors on the police bill-counting machines, so that its value has to be estimated by weight.
According to investigators, police seized a sum of some $120 million and € 2 million ($2.2 million).
“The final amount is unknown. [Police] confiscated a cache only in [Zakharchenko’s] house; it is not yet known how many more assets [he has], but we are working in this direction,” a source told RIA Novosti.
TASS quoted police sources who said the money was found in a bag.
“A large amount of cash was located in his study,” sources said, adding that the Zakharchenko refused to comment on the nature of the money or its origins, only claiming that he is not guilty.
Money bag: Police raid on anti-corruption official uncovers over $120mn in cash
The public markets are hungry: as Uber and Lyft look to IPOs to let their investors -- who have been subsidizing 40-50% of every ride -- redeem their shares through sales to the public capital markets, the companies are desperate for ways to reduce their unprofitability and increase those share prices.
Pepsi's plan to pay a Russian company called Startrocket to loft an artificial constellation of cubesats with mylar sails to advertise a "nonalcoholic energy beverage" has been cancelled for unspecified reasons (the company says its prototype launch using high-altitude balloons was a "one-time event").
* whether they deserve one or not
It’s 4/20! Smoke ’em if you got ’em – and if you haven’t got ’em, check out this roundup of deep discounts on pipes and other accessories. They’re all on sale, but you can take an extra discount off the final price courtesy of the Boing Boing store by using the online code 420SAVE. Freeze […]
Ever wonder if you’re cleaning your teeth well enough? If your last dentist visit has you getting a little more thorough about oral care, it might be time to save yourself some guesswork. A lot of electric toothbrushes promise deep cleaning, but there’s a Platinum Sonic Toothbrush that has power plus the simple but effective […]
The digital age is well and truly upon us, but let’s not forget there’s a load of free TV content floating literally over our heads. No, we’re not talking about the internet. Signals from major broadcast networks are still gratis for anyone who can pick them up with an antenna. And before you envision those […]