Cambodia extradites fugitive tycoon Polonsky to Russia

Former real estate tycoon Sergei Polonsky is being transferred to Russia from Cambodia, Sputnik quoted the Russian Interior Ministry as saying on Sunday.

Polonsky, one of Russia’s richest men in the past, was charged with multimillion dollar embezzlement back in 2013. He has in recent years resided in Cambodia.

“Polonsky is being deported to the territory of the Russian Federation by Russian Interior Ministry employees and will be prosecuted in accordance with Russian legislation,” ministry spokeswoman Elena Alexeyeva said.

After a Cambodian court suspended Polonsky’s extradition proceedings last year, Moscow repeated its request, and Polonsky was arrested on his private island in Cambodia earlier this week.

The Russian tycoon Sergei Polonsky is suspected of embezzling 5.7 billion rubles. In the summer of 2013 the Investigative Department of the Russian Interior Ministry filed a charge of large scale fraud against the oligarch.