On Saturday, March 31, Russia’s Ministry of Internal Affairs announced that Ziyavudin Magomedov, the owner of Summa Group and one of the richest men in the Russian Federation, was arrested and charged with embezzling over 2 billion rubles ($35 million +).
According to Irina Volk, a spokesperson for the ministry, an investigation is being carried out to determine whether Magomedov embezzled money during the construction of a World Cup stadium in Kaliningrad, which his Summa Group company won the rights to build in 2014. Volk added that Magomedov was arrested along with his brother and co-owner, Magomed Magomedov, and charged with the “organization of a criminal community,” fraud, and embezzlement.