Businessman Shot Dead In Contract-Style Killing

Businessman Shot Dead In Contract-Style Killing

Published: October 5, 2011 (Issue # 1677)

MOSCOW — A Russian businessman suspected of using $56 million in embezzled funds to buy a German shipyard died after being shot by a gunman at a Moscow restaurant in what appeared to be a contract killing.

The unidentified attacker fired five bullets at Andrei Burlakov and his common-law wife and business partner Anna Etkina as they dined at 5:20 p.m. last Thursday at the Khutorok cafe at 3 Leningradsky Prospekt, near the Dinamo metro station, news reports said.

Burlakov, who reportedly underwent a heart stent operation recently, was hit in the left shoulder and pronounced dead of a heart attack at the hospital.

Etkina, a former Mir Bank deputy chairwoman who suffered gun wounds to her jaw, head and chest, underwent surgery Saturday and remained in serious condition Sunday, Interfax said.

The gunman fled with his weapon, which police say might have been an air gun modified to shoot real bullets. The killer was caught on surveillance cameras, and police described him as having a Slavic appearance and being of medium height with a black beard.

Unidentified police officials speculated to Russian news agencies that Burlakov was targeted by creditors who wanted him to repay the 50 million rubles in bail money that he posted to be freed from custody last year.

RIA-Novosti, citing a police source, reported that the 50 million rubles would be returned to Burlakov’s widow and the case against him closed. The case against Etkina remains open.

Burlakov was arrested in 2009 on suspicion of embezzling 1.8 billion rubles ($56 million) from state-owned Financial Leasing Company, a subsidiary of United Aircraft Corporation, where he worked from 2002 to 2009 and served as its first deputy general director for the last four years. He was believed to have used the money to acquire Germany’s Wadan Yards, whose board of directors he headed. Etkina, who was also arrested in 2009 and released last year, served as the president of Wadan Yards.

Burlakov sold the shipyard in 2009 to businessman Vitaly Yusufov, son of former Energy Minister Igor Yusufov. Curiously, Yusufov has since put up the shipyard as collateral for a $1.1 billion loan from Bank of Moscow to buy a 19.9 percent stake in the bank owned by its former president, Andrei Borodin.

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