Warrant out for Ferrexpo's billionaire Ukrainian owner Kostyantyn ZhevagoComments Off on Warrant out for Ferrexpo's billionaire Ukrainian owner Kostyantyn Zhevago
A court in Ukraine today put out a warrant to detain Ferrexpo owner Kostyantyn Zhevago.
Zhevago, who stepped down temporarily as chief executive at the iron ore pellets producer in October, is suspected of money laundering and fraud at Finance & Credit JSC, a bank he owned in Ukraine until 2015.
The billionaire has denied any allegations of wrongdoing but is on an international wanted list as he failed to appear for a pre-trial investigation.
Ferrexpo shares were down 5.2p to 142p.