Russian-American businessman arrested on fraud charges

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The owner of a popular chain of cosmetics, a wealthy Russian-American businessman, was arrested this Thursday, December 9 in St. Petersburg. August Meyer is suspected of fraud worth around 30 million euros and has been remanded in custody along with his Russian wife.

With our correspondent in Moscow, Anissa L Jabrik

In the summer of 2017, an entrepreneur is happy that he has chosen Russia to start a family and run a business, which was found by the newspaper Forbes Russia. , I am very proud to have received Russian citizenship », declared August Mayor.

The owner of the very popular cosmetics chain, the 59-year-old businessman is ranked among the 200 richest people in the country with an estimated legacy of over €650 million.

This is not his first encounter with a Russian justice, but this time August Meyer and his wife are in pre-trial custody for two months. In a video released by the court, the business manager says investigators would have offered to release his wife if she had confessed to her crime.

Businessman at risk of heavy penalty

Justice, it highlights the risks of leakage and destruction of evidence. On charges of fraud for the amount of approximately 30 million euros, August Meyer faces the risk of 10 years in prison.

Lawsuits against businessmen are common in Russia, but until two years ago they were rare against foreigners, as of 2019 andDelpal Casewho was in the limelight. Found guilty of embezzlement but given a suspended sentence and released last August, the French banker appealed.

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