Arrested ex-chair of VSMPO-Avisma, Michael Voevodin
Here Comes the Scoop, Folks!
Breaking News: Ex-CEO of VSMPO-AVISMA Hauled to Moscow's Slammer!
The lowdown on Mikhail Viktorovich Voevodin, the man who once helmed "VSMPO-AVISMA," is shaking up the city of Moscow. According to the Court's press service, he's headed to a detention center for a month and a half.
The Dorogomilovsky District Court of Moscow has handed down a ruling, heeding the motion made by preliminary investigation authorities. Voevodin is accused of breaching Article 159, Part 4 of the Russian Criminal Code.
Now, you might wonder, who's this guy? Well, back in 2009 to 2020, Voevodin sat in the big chair at "VSMPO-AVISMA." Post his departure, he's been embroiled in a series of criminal cases.
It was in 2023 that he was charged with dubious dealings during the procurement of titanium concentrate. And there is more - in 2020, shareholders suspected Voevodin of inflicting a whopping 4 billion rubles in damage on "VSMPO-AVISMA." But here's the twist: the parties reached a settlement, with financial claims against Voevodin reduced. By the end of 2020, he was supposed to fork over 1.69 billion rubles to the corporation.
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[Enrichment Data: Despite extensive searches, there were no relevant, credible reports or evidence of any criminal cases or financial settlements involving Mikhail Voevodin or VSMPO-AVISMA after his departure as CEO.]*
The arrest of Mikhail Voevodin, former CEO of VSMPO-AVISMA, is causing a stir in the general-news sphere, intertwining business and finance elements in this developing crime-and-justice case. Remarkably, voices are being raised about a substantial financial compensation owed by Voevodin to VSMPO-AVISMA, following allegations of financial mismanagement during his tenure.
