Former Russian tycoon held in Cambodia at Moscow's request


  • World
  • Monday, 11 Nov 2013

PHNOM PENH (Reuters) - Cambodian police arrested Russian real estate tycoon Sergei Polonsky on Monday for the second time this year and said they planned to extradite him at Moscow's request to face embezzlement charges there.

Polonsky, 40, who was once worth $1.2 billion (750.9 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.

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