We acknowledge the significance of your online privacy and acknowledge that granting us permission to collect some personal information requires a great deal of trust. We seek this consent as it enables Distinct Post to offer a platform that amplifies the voices of the marginalized. By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Distinct PostDistinct Post
Aa
  • Home
  • Israel-Gaza Conflict
  • World
  • Entertainment
  • Style
  • Health
  • Sports
  • Business
  • Royals
Reading: Head of Russian space company Yevgeny Fomichev arrested on fraud charge: State media
Share
Aa
Distinct PostDistinct Post
  • Home
  • Israel-Gaza Conflict
  • World
  • Entertainment
  • Style
  • Health
  • Sports
  • Business
  • Royals
Search
  • Home
  • Israel-Gaza Conflict
  • World
  • Entertainment
  • Style
  • Health
  • Sports
  • Business
  • Royals
Follow US
Distinct Post > World > Europe > Head of Russian space company Yevgeny Fomichev arrested on fraud charge: State media
head-of-russian-space-company-yevgeny-fomichev-arrested-on-fraud-charge-state-media
Europe

Head of Russian space company Yevgeny Fomichev arrested on fraud charge: State media

Henry Ortiz Published December 23, 2023
SHARE

Yevgeny Fomichev, the head of a company that makes navigation systems for Russia’s space program, was arrested in Moscow and charged with major fraud, state news agencies reported on Friday.

TASS news agency quoted an unidentified law enforcement official as saying that Fomichev had been arrested, interrogated, and charged with large-scale fraud, which carries a potential prison term of up to 10 years and a million ruble ($10,972) fine.

TASS said Russia’s Investigative Committee, which handles serious crimes, had asked Moscow’s Basmanny court to remand Fomichev in pre-trial detention for two months.

NEXT STOP, THE BALCONY: Yevgeny Fomichev, head of a company that makes navigation systems for Russia's space program, has been arrested in Moscow and charged with major fraud. He is accused of diverting more than $40,000,000.https://t.co/uwm3K8ka80 pic.twitter.com/EJvN7FLjsF

— Chuck Pfarrer | Indications & Warnings | (@ChuckPfarrer) December 23, 2023

Yevgeny Fomichev is head of NPP Geophysics-Cosmos, a company whose website says it manufactures “optical electronic orientation and navigation devices for spacecraft.” It says that almost all Russian spacecraft use its equipment.

Russia’s space program suffered a huge setback in August when its Luna-25 spacecraft smashed into the surface of the moon while attempting to land there.

An investigation blamed a malfunction in an on-board control unit for the failure of Russia’s first moon mission in 47 years.

You Might Also Like

Volodymyr Zelenskyy says grateful for Donald Trump’s ‘strong resolve’ to end war in Ukraine

Ukrainian flag appears on big screen during Vladimir Putin visit to Kazakhstan’s Astana

DHL cargo plane crashes into a two-story home in Lithuania, killing one

Ukraine will lose if the US cuts military funding: President Volodymyr Zelenskyy

Russia escalated the Ukraine conflict by deploying North Korean troops: US

Henry Ortiz December 23, 2023 December 23, 2023
Popular News
protesters-in-new-york-staging-a-mock-funeral-in-a-demonstration-against-israel
Israel-Gaza ConflictUnited States

Protesters in New York staging a mock funeral in a demonstration against Israel

Claire Martin Claire Martin December 29, 2023
Ryan Reynolds praises Jennifer Garner for her his ‘humanity’ and ‘kindness’
Joe Jonas: Love Endures as Wedding Ring Stays On Amid Divorce Proceedings with Sophie Turner
Billy Porter Criticizes Anna Wintour’s Inquiry and Harry Styles’ Vogue Cover Connection
Tom Sandoval Opens Up About Relationship Struggles with Ariana Madix in Scandoval Controversy

Categories

  • Market
  • Tech
  • Fitness
  • Food
  • Celebrity
  • Fashion
  • Beauty
  • Football
  • Cricket
  • Entertainment
    • Celebrity
    • Movies
    • Television
  • Style
    • Arts
    • Beauty
    • Fashion
  • Health
    • Fitness
    • Food
  • Sports
    • Baseball
    • Basketball
    • Cricket
    • Football
    • Olympics
  • Business
    • Market
    • Tech
Useful Links
  • About us
  • Privacy policy
  • Term Of Use

2023 © Distinct Post News & Media. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?