Monday, August 26, 2013

Belarus Also Looking For Four Other Uralkali Officers

From the Wall Street Journal:
The chief executive officer of Russian potash producer Uralkali (URKA.RS) was taken into custody in Belarus on criminal charges Monday, the Belarussian state news agency reported.

Vladislav Baumgertner was detained for "abuse of power for private gain," in his role as the chairman of the Supervisory Board of the Belarusian Potash Co., or BPC, which served until recently as a trade partnership between Uralkali and Belaruskali to market potash globally, the Belta news agency reported.

The report, citing the country's Investigative Committee, said Mr. Baumgertner had caused "substantial harm to the state and the public interests of Belarus," as well as damage to state-run potash miner Belaruskali...MORE
"Belta also reported that four other officials from BPC were wanted and that Interpol had been informed."