MOSCOW (Sputnik) — Russian billionaire Mikhail Prokhorov’s Onexim Group is selling all its assets in the country following a search in the company's offices, Russian media reported Monday.
An Onexim spokesperson refused to comment on the issue, according to the media outlet.
Russian law enforcement officials said the search was part of a tax-related investigation. However, some media outlets linked the search to the alleged pressure put on Prokhorov to sell the RBC media holding (part of Onexim).
The Onexim Group is one of Russia’s largest private investment funds with a diversified investment assets in mining, financial services, real estate, media, utilities and technology.