Russian President Vladimir Putin attends a meeting with Stavropol Territory Governor in Moscow on April 2, 2018. / AFP / Sputnik / Mikhail KLIMENTYEV
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The Kremlin Monday dismissed any political element to the arrest of the billionaire owner of Summa Group on suspicion of embezzling state funding for construction and energy projects including a World Cup stadium.Ziyavudin Magomedov, whose fortune has been estimated at $1.2 billion (975,000 euros) by Forbes magazine, was detained on Saturday in Moscow along with his brother Magomed. Some observers have suggested that the arrest, with its echoes of the 2003 arrest of oil magnate and Kremlin opponent Mikhail Khodorkovsky, could be part of a power struggle as Vladimir Putin enters his fourth Kremlin term and is set to form a new government.
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