Police Find $123M Cash in Home of Russian Anti-Corruption Offical

Sep 12, 2016 — 10:38
— Update: Sep. 12 2016 — 08:57

Police Find $123M Cash in Home of Russian Anti-Corruption Offical

Sep 12, 2016 — 10:38
— Update: Sep. 12 2016 — 08:57
Dmitry Zakharchenko Moskva News Agency

One of Russia's top anti-corruption officials has been arrested on suspicion of accepting bribes after a search of his home revealed stacks of cash worth $123 million.

Police arrested Dmitry Zakharchenko, deputy head of the Ministry of Internal Affairs' Committee for Economic Security and Combating Corruption, after uncovering the money in his car, study and sister's apartment, the RBC news website reported.

Zakharchenko's official income has not exceeded 3 million rubles ($46,000) annually in recent years, one investigator told Moscow's Presnensky district court.

The official was detained on suspicion of abuse of power, obstruction of justice, and taking bribes, and is to remain in custody until Nov. 8.

Investigators are currently investigating links between Zakharchenko and a case against Russia's now-defunct NOTA Bank, the Russian media reported Monday.

The company, which had been among Russia's top 100 banks in terms of assets, was stripped of its license in November 2015 for violating bank regulations.

Zakharchenko maintains his innocence.

'Sell Your Mansion, Build a Road' — Russia Rallies Against Corruption

Thousands of demonstrators gathered in more than 80 cities across Russia to protest government corruption.

see more

Russia's Sberbank to Sell Ukrainian Subsidiary Amid Sanctions

Russia’s largest state-owned bank is set to sell its Ukrainian subsidiary weeks after being hit with sanctions from Kiev.

Pour that Perfect Pint

The craft revolution took Moscow by storm in 2015. To ...

Russia's Sberbank to Sell Ukrainian Subsidiary Amid Sanctions

Russia’s largest state-owned bank is set to sell its Ukrainian subsidiary weeks after being hit with sanctions from ...