A Russian businessman has been extradited from Cyprus to Russia, where he is wanted in connection with a large-scale tax evasion case involving more than 2.6 billion roubles (around €28 million), according to Interfax.
The man was handed over to Russian authorities on June 18 at Larnaca airport following a decision by the competent Cypriot authorities to approve his extradition.
Allegations of large-scale tax fraud
According to statements from the Russian Prosecutor General’s Office and the Russian Interior Ministry spokesperson Irina Volk, the suspect had headed two commercial companies between 2015 and 2019.
He is accused of submitting false tax declarations involving subcontracting agreements with affiliated companies, allegedly enabling the unlawful reduction of corporate tax obligations.
Russian investigators claim the companies falsely reported the supply of construction materials and the completion of building works, resulting in significant financial losses to the state.
International arrest warrant issued
Authorities in Russia estimate the damage caused to exceed 2.6 billion roubles. Criminal charges for large-scale tax evasion were filed against the businessman, who fled abroad after the investigation began.
An international arrest warrant was issued through Interpol at the request of the Russian Prosecutor General’s Office, leading to his identification and arrest in Cyprus through international law enforcement cooperation.
Transfer to Moscow
Following the completion of extradition procedures, the suspect was transferred to Moscow, where he is expected to face the charges brought against him.
Also read:extradition Cyprus
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