UPDATE2: Source: Renova, T Plus execs detained over corruption case

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MOSCOW, Sep 5 (PRIME) -- Russian multi-industry holding Renova Group’s Managing Director Yevgeny Olkhovik, chairman of power producer T Plus’ board of directors, and T Plus CEO Boris Vainzikher were detained on Monday on suspicion of giving bribes to the Komi Republic officials, a source at law enforcement agencies told PRIME.

The Investigative Committee official representative Vladimir Markin said earlier the police were searching the Moscow offices of T Plus, part of businessman Viktor Vekselberg’s Renova Group, and affiliated companies as part of a corruption case in the Komi Republic.

In 2007–2014, former and current top executives of IES Holding, which has been reorganized into T Plus, gave bribes to officials in the Komi Republic for setting the best prices for heat and electric power and providing other incentives. The total sum of bribes exceeded 800 million rubles and a criminal case has been opened, Markin said.

(65.8684 rubles – U.S. $1)

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