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Swiss Extradite Ex-Sovkomflot Manager.
(From The Moscow Times)
Switzerland on Monday extradited a former manager of state-owned shipping giant Sovkomflot, who is wanted on charges of embezzling millions of dollars in fraudulent tanker deals.
Yury Privalov, a former managing director of Sovkomflot's London subsidiary Fiona Maritime Agencies, was flown to Moscow under the escort of Federal Prison Service officers, the Prosecutor General's Office said in a statement.
Privalov is believed to have committed crimes during his tenure from 2001 to 2004 that caused damages worth $250 million, the statement said.
In return for his extradition, Russia has issued detailed assurances that it would provide him with humane prison conditions, including access for Swiss officials, the Swiss Federal Office of Justice said.
Privalov says he is being prosecuted for political reasons, and a Swiss court ruled in December that he could not be extradited without a guarantee that his rights would be protected.
Privalov is among a group of former managers accused of participating in a massive fraudulent tanker-leasing scheme. Sovkomflot said earlier that the scheme caused the company up to $600 million in damages.
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