Decision on Firtash’s extradition from Austria to US due April 30

13:30, 05 March 2015
646 0

A court in Vienna will on April 30 consider a case on the extradition of Ukrainian businessman Dmytro Firtash to the United States, Ukrainian newspaper Yevropeiska Pravda has reported, with reference to Austria’s Kurier newspaper.

REUTERS

Firtash was detained by police in the Austrian capital at the request of the U.S. Federal Bureau of Investigation (FBI) and placed in a detention center on March 12, 2014.

A day later, the court set bail of EUR 125 million for the Ukrainian oligarch.

The amount was based on Firtash's financial position and the severity of his alleged crimes. On March 21, Firtash was released and placed under house arrest until a decision on his extradition to the United States was made. The requested bail amount of EUR 125 million was received from accounts in Russia.

As reported earlier, a warrant for Firtash’s arrest was issued by the District Court of the U.S. state of Illinois in summer 2013. He was accused of bribing Indian officials to obtain permits for the development of titanium deposits in India.

The case investigating the establishment of an international corruption scheme involves six suspects, including along with Firtash Hungarian businessman Andras Knopp, Ukrainian citizen Suren Gevorgyan, Indian politician Ramachandra Rao and two businessmen from India and Sri Lanka.

According to investigators, Firtash had talks with Indian officials and bribed them in exchange for a preferential approach when granting permits.

Also, according to an investigation carried out by journalists at Reuters, Firtash is said to have managed to purchase over 20 billion cubic meters of gas at a discounted price and get a loan of $11 billion, which was facilitated by Russian President Vladimir Putin.

Moreover, Firtash was purchasing gas from Gazprom at a price of $249 per 1000 cubic meters, while the price that the national state-owned enterprise Naftogaz Ukrainy had to pay was $412.

If you see a spelling error on our site, select it and press Ctrl+Enter