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Ex-Shipbuilding Official Russia Believes Embezzled $60Mln Detained by US

© Sputnik / Michael Klimentyev / Go to the mediabankIgor Borbot
Igor Borbot - Sputnik International
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A former chief of Russia's major state shipbuilding firm was detained in the United States after allegedly stealing $60 million in budget funds, a source in the know said Wednesday.

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VLADIVOSTOK (Sputnik) Igor Borbot, ex-director of the Far Eastern Shipbuilding and Ship Repair Center (FESRC), is suspected of having embezzled money allocated to build a ship yard, Zvezda, in Russia’s Far East. He fled abroad and was red-flagged by Interpol at Moscow’s request.

"It is true that Borbot has been detained in the United States. But preliminary data suggest that he had a problem with his visa," the source close to the investigation told RIA Novosti.

The Russian presidential envoy for the country’s Far Eastern region, Igor Trutnev, said authorities had launched several criminal investigations into budget theft linked to the shipbuilding company, including schemes to artificially drive up the cost of ship repairs.

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