Russian investigators have charged Ihor Bakai, the former head of Ukraine’s national oil and gas company Naftogaz, with embezzling $12 million from the company Metalloinvest Limited, a well-informed source told Interfax on October 31.
“Bakai is being charged with embezzling $12 million from Metalloinvest Limited through a loan agreement together with individuals who have not been identified so far,” the source said.
