High-ranking officials arrested for alleged budget theft in Russia’s Karachay-Cherkessia, FSB says
A group of unnamed “high-ranking” officials were arrested on charges of stealing around 60 million rubles ($6.7 million) from the budget of Russia’s Karachay-Cherkess Republic, the state-run media outlet TASS reported on June 11, citing the press office of Russia’s Federal Security Service (FSB).
It was the latest in a string of corruption cases in Russia which have reached the highest echelons of the country’s security and military apparatus.
According to the FSB, the “organized group” of individuals, which included government and law enforcement officials, allegedly stole money from a state-funded agricultural development program in Karachay-Cherkessia.
The Karachay-Cherkess Republic is located in Russia’s North Caucasus region, bordering Georgia to the south.
The FSB did not provide any more details about the suspects or the case, but said that fraud-related criminal proceedings had been opened.
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