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    market news

    Russian Man Charged in Bribery Case Involving Uranium Contracts in U.S.

    Investing News Network
    Oct. 31, 2014 02:48PM PST
    Energy Investing

    A Russian man, living in Maryland, was charged on Friday with allegedly taking bribes relating to a contract that involved shipping uranium from Russian warheads to power plants in the United States.

    A Russian man, living in Maryland, was charged on Friday with allegedly taking bribes relating to a contract that involved shipping uranium from Russian warheads to power plants in the United States.

    According to the Wall Street Journal:

    Officials charged Vadim Mikerin, 55, with conspiracy to commit extortion. Three Americans were charged with conspiracy to commit wire fraud as part of the alleged scheme.

    According to a criminal complaint filed in the case, Mr. Mikerin is the general director of the U.S. subsidiary of a Russian firm that sought a contract to transport the radioactive material from disassembled warheads to power plants.

    Click here to read the full article.

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