Russian-American businessman arrested for fraud

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A wealthy Russian-American businessman, owner of the famous chain of cosmetics stores, was arrested Thursday, December 9, in Saint Petersburg. August Mayer is suspected of fraud of nearly 30 million euros and has been locked up with his Russian wife.

With our correspondent in Moscow, Anisa Al Jabri

In the summer of 2017, a happy businessman who chose Russia to start a family and run a company, he met the newspaper Forbes Russia. « I am very proud to have Russian citizenship ‘, announced August Mayer.

The owner of a very popular cosmetics chain, the 59-year-old businessman ranks among the 200 richest people in the country with a heritage estimated at more than 650 million euros.

This is not his first encounter with Russian justice, but this time August Mayer and his wife are on remand for two months. Investigators would have offered to release his wife if he pleaded guilty, the business manager says in a court-released video.

The businessman risks heavy punishment

Justice, it raises the risk of evidence leakage and destruction. Charged with defrauding a sum of approximately 30 million euros, August Mayer faces 10 years in prison.

Lawsuits against businessmen are common in Russia, but even a couple of years ago they were rare against foreigners, until 2019 andDelpal’s caseWhich made the headlines. The French banker, who was convicted of embezzlement but given a suspended sentence, appealed and was released last August.

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