Deputy chief of Russia's Novatek says he will fight U.S. tax charges
Reuters
Published Sep 26, 2021 05:16AM ET
MOSCOW (Reuters) - Mark Gyetvay, a deputy chief of Russian natural gas producer Novatek, who was arrested last week in the United States on tax charges, said on social media on Sunday that he had pleaded not guilty and would fight the charges.
"Dear friends and colleagues. On Thursday I was indicted for baseless tax charges that I already settled through a voluntary program, and pleaded not guilty. I will vigorously fight these charges and will continue to discuss gas topics as normal," Gyetvay wrote on Twitter (NYSE:TWTR).
The U.S. Department of Justice said on Thursday that Gyetvay had been arrested on tax charges related to $93 million hidden in offshore accounts. He faces a lengthy prison sentence if convicted.
Gyetvay, who holds passports from both the United States and Russia, was subsequently ordered released on a $80 million bond by U.S. Magistrate Judge Douglas Frazier of the federal court for Florida's Middle District, according to court filings.
He has been the leading voice at Novatek, anchoring conference calls with investors and representing the company at industry events as it seeks funds for liquefied natural gas (LNG) projects.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.