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Politics or Revenge? Billionaire Gleb Fetisov is Arrested

Published: March 3, 2014 (Issue # 1799)



  • Gleb Fetisov is suspected of fraud.
    Photo: Vedomosti

A Moscow court has arrested billionaire political leader Gleb Fetisov, weeks after he ramped up his political ambitions by partnering up with prominent opposition figures and launching a new political party.

A fellow leader of the party suggested that the arrest was retaliation by influential private depositors who lost millions of dollars when a bank formerly owned by Fetisov was shut down by the regulator in January.

Related: Billionaire Gleb Fetisov’s Vision in Green

Worth $1.9 billion, Fetisov is one of the richest people to have ever found themselves behind bars in Russia's post-Soviet history, after former Yukos chief Mikhail Khodorkovsky and media magnate Vladimir Gusinsky. He is now the only billionaire at the helm of a Russian political party, following Mikhail Prokhorov's recent handover of leadership of the Civil Platform to his sister.

The Basmanny Court on Friday ruled to arrest Fetisov for a period ending April 20, hours after Investigative Committee spokesman Vladimir Markin announced the billionaire's detention. Fetisov is suspected of fraud at Moi Bank, which he sold in December, Markin said.

A Fetisov aide denied any wrongdoing by the businessman and attributed his prosecution to the recent advances in Fetisov's political career, including his banding together with a prominent Kremlin critic to launch a new party.

Related: Gudkovs Aim to Consolidate Opposition Parties

"All that was done to him suggests reprisal or revenge for his political activity," the party said in a statement following Fetisov's detention at a Moscow airport, as he returned from a foreign location where he underwent medical treatment.

In January, Fetisov stepped up his independent political profile by joining forces with a vocal detractor of the government, Gennady Gudkov, and merging their parties to create the People's Political Party Green and Social Democratic Alliance. They co-chair the new political force.

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ALL ABOUT TOWN

Wednesday, July 30


SPIBA continues their series of Look@It tours, which focus on the success stories of major brands in the St. Petersburg market. Today’s event will focus on the Gorky Golf Club and will also be held there. For more details visit spiba.ru



Thursday, July 31


Develop your leadership abilities during a lecture by famous Russian author and coach Radislav Gandapas. The event starts at 9 a.m. at 5 Lodeinopolskaya Ulitsa. The price for entry is 20,500 rubles ($570).


Relax and enjoy a Parisian atmosphere with some romantic and laidback jazz tunes during the Night of French Music at Lenny Jam Cafe, 63 Ligovsky Prospekt. The entrance fee is 250 rubles ($7).


The Women’s Business Club is hosting a Beauty Brunch where participants are invited to discuss the latest news in the beauty industry and listen to lectures by professional stylists in the business.



Friday, Aug. 1


Bikers from all around the world will gather to take part in a parade, extreme shows and rock concerts during the International Biker Festival that revs its engines today and runs through Aug. 3 near Olgino Hotel, 4/2 Primorskogo Shosse.


The Peter and Paul Fortress will be turned into an open-air cinema today and tomorrow as part of the 5th International Short and Animation Film Festival. A huge screen across the fortress walls will air short films non-stop with board games, photo sessions and other activities also on offer for visitors. For more information, visit www.opencinemafest.ru



Saturday, Aug. 2


Gatchina Palace Park Museum will host its second annual Night of Light, an impressive audio-visual show across the night sky. Tickets are 600 rubles ($16).


If graphic design is more your thing then check out Illustration Day, where you will be able to visit an exhibition, attend lectures by professionals and even show experts some of your own work. The event starts at noon at Zona Deystvia, 73 Ligovsky Prospekt. The entrance fee is 350 rubles ($10).



Sunday, Aug. 3


History lovers shouldn’t miss the chance to see reenactments of World War I battles in Pushkin at noon. Besides exciting war scenes, visitors can enjoy live music, historical costumes, an equestrian show and a fancy-dress parade starting from the Moscow gates.


Garage Sale, the popular and growing flea market where nothing is priced over 500 rubles ($14.11), starts today at noon in Loft-Project Etagi, 74 Ligovsky Prospekt. Be sure to get in early to score a bargain. Entry costs 50 rubles ($1.40)



Monday, Aug. 4


Continue the working week with a calm and steady mind with a free yoga lesson at 7 p.m. in the Bukvoed store at 23A Vladimirsky Prospekt.



Tuesday, Aug. 5


Visit The Romanov Dynasty doll exhibition today, where more than fifty porcelain dolls depicting Russian rulers, and made by Olina Ventzel, will be on show. The exhibition continues through Aug. 31 in Sheremetyev Palace, 34 Fontanka Naberezhnaya.



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