Skolkovo Foundation’s Deputy Head Suspended over Fraud Case

MOSCOW, May 7 (RIA Novosti) – A senior vice president at Russia’s high-profile, high-tech center The Skolkovo Foundation, Alexei Beltyukov, has been suspended, a spokesman for the foundation has confirmed.

Alexei Beltyukov has been suspended. This took place before the May holidays. His duties are currently being carried out by another employee,” a Skolkovo Foundation spokesman told RIA Novosti on Tuesday.

Russian investigators opened a criminal case against Beltyukov last month over the suspicion that he spent $750,000 illegally by paying opposition lawmaker Ilya Ponomaryov, ostensibly for a series of lectures and research projects.

Ponomaryov has been summoned as a witness by the Russian Investigative Committee over the Skolkovo fraud case, the committee said on Tuesday.

Both Beltyukov and Ponomaryov deny any wrongdoing.

The Beltyukov-Ponomaryov case is the latest of several targeting Skolkovo executives.

Criminal investigations were opened into two senior Skolkovo executives in February over the alleged embezzlement of $800,000. Subsequent law enforcement searches in the offices of the Skolkovo Foundation disrupted the schedules of top managers.

The Skolkovo Foundation which manages the eponymous high-tech hub, is a pet project of Prime Minister Dmitry Medvedev and was opened during his presidency in 2010.

It is often called Russia’s “Silicon Valley” and was intended to lead the country’s drive to diversify and modernize its economy and increase the output of high-tech products.

The foundation’s president, billionaire Russian businessman Viktor Vekselberg, was among the dozens of US and Russian entrepreneurs and officials taking part in innovation working group meetings.


Leave a comment