Economy Minister arrested for $2 million bribe

Economy Minister arrested for $2 million bribe

MOSCOW (APP) - Russia 's Investigative Committee said Tuesday that it had detained Economy Minister Alexey Ulyukayev on suspicion of taking a two-million-dollar bribe over a massive deal involving state-controlled oil giant Rosneft.

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The Investigative Committee said in a statement Monday that Ulyukayev had been detained as part of a probe into large-scale bribe taking, claiming he received the money for allowing Rosneft to acquire a majority stake from the state in Russian oil company Bashneft in a $5.2 billion deal last month.

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