Home > News > World
Monday January 13, 2014 MYT 4:05:02 PM
Monday January 13, 2014 MYT 4:05:58 PM
PHNOM PENH (Reuters) - A Cambodian court freed Russian real estate tycoon Sergei Polonsky on Monday and he will not be extradited to Russia to face embezzlement charges there, his lawyer said.
Polonsky, who was once worth $1.2 billion (727.8 million pounds), is accused of fraud in a case in which authorities say 5.7 billion roubles was stolen from investors in a Moscow real estate development project.
Cambodian police re-arrested Polonsky in November last year, planning to extradite him at Moscow's request. He has since been added to Interpol's wanted list.
Polonsky's Cambodian lawyer Benson Samay said judges at closed-door decision at the Appeal Court on Monday cited the lack of an extradition treaty between Cambodia and Russia in informing their decision.
He also told reporters his client would stay in the country to fight other charges.
Polonsky was detained last year in Cambodia and released on bail in April with two other Russians after being charged with assault and illegal detention after an alleged altercation with the crew of a tourist boat.
"He won't be extradited to Russia and he will continue to help Cambodia by investing here," his lawyer told reporters. "I will help him find a wife, he is a good man."
(Reporting by Prak Chan Thul; Editing by Douglas Busvine and Elizabeth Piper)
Russian tycoon and Norilsk co-owner files for divorce
FBI denies report it arrested Russian tycoon Abramovich
Cambodians throng to revered ex-king Sihanouk's cremation
Salaries as elusive as justice at Cambodia's Khmer Rouge trial
Thailand braces for any backlash over world court's temple ruling
Japan coalition Komeito official says hard to raise sales tax as scheduled
Italy union head accuses Renzi of seeking confrontation
Obama speaks to Myanmar president, opposition leader Suu Kyi
Clashes erupt as Israeli police kill Palestinian suspected of shooting Jewish far-rightist
Costa Rica on alert after volcano spews ash toward capital
Germany's new road toll to cost foreign drivers up to 130 euros
Sodomy II: Prosecution refutes Anwar’s allegations of conspiracy
Formula One tweaks qualifying due to fewer cars
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)