22:35 GMT +317 July 2018
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    Russian arrested in Costa Rica on 1990s real estate fraud charges

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    MEXICO, August 27 (RIA Novosti) - Interpol and Costa Rican authorities have arrested a Russian national wanted at home on fraud charges in Costa Rica's capital of San Jose , the local Interpol bureau said on Wednesday.

    "Nikolai Korobkov was arrested at the request of the Russian General Prosecutor's Office based on its probe into property-related fraud," the press release said.

    According to Interpol, Korobkov, 54, set up the Investment Industrial and Commercial Co. during the 1990s in Russia and signed around 150 housing investment contracts. He is alleged to have failed to declare the funds he attracted, instead spending them on acquiring property abroad.

    "Investors lost an estimated $2 million," the press release said.

    Korobkov fled Russia in 1997, heading first to Denmark and then on to Brazil, where he obtained a fake passport. He arrived in Costa Rica in 1998, where he has lived with his wife and daughter ever since, running a home-decorating business.

    Extradition procedures are underway.

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