Navalny indicted for embezzlement, fraud, money laundering - Investigative Committee

The Russian Investigative Committee has confirmed that opposition leader Alexei Navalny has been indicted for embezzlement of funds belonging to the cosmetic firm Yves Rocher Vostok and embezzlement and laundering of funds belonging to Mutiprofile Processing Company.

The Russian Investigative Committee has confirmed that opposition leader Alexei Navalny has been indicted for embezzlement of funds belonging to the cosmetic firm Yves Rocher Vostok and embezzlement and laundering of funds belonging to Mutiprofile Processing Company.

"The Investigative Committee's main investigations department has presented the final indictment against Alexei Navalny and his brother Oleg for committing embezzlement through fraud of funds belonging to OOO Yves Rocher Vostok in an amount of over 26 million rubles and to OOO Multiprofile Processing Company in an amount of over 4 million rubles (Russian Criminal Code Article 159), and also legalization of money in an amount of over 21 million rubles (Russian Criminal Code Article 174.1)," the Investigative Committee said in reply to a request from Interfax.

"The Investigative Committee plans to complete the investigation into this criminal case and present the case documents to the aggrieved parties, the defendants, and their defenders in the near future," it said.

The Investigative Committee reported earlier that it was investigating a criminal case dealing with embezzlement of Yves Rocher Vostok's funds.

It was reported earlier that, according to the investigation's findings, Alexei Navalny had set up a company called the Main Subscription Agency, and his brother Oleg, serving as the chief of the Russian Post's domestic postal services department in 2008, persuaded an Yves Rocher Vostok representative to conclude a shipping contract with the Main Subscription Agency.

The investigation believes the brothers embezzled about 55 million rubles (over $1.7 million) that Yves Rocher Vostok paid for the Main Subscription Agency's transportation services. The criminal case was opened in December 2012.

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