A Cambodian court freed Russian real estate tycoon Sergei Polonsky on Monday and he will not be extradited to Russia to face embezzlement charges there, his lawyer said.
Polonsky, who was once worth $1.2 billion, is accused of fraud in a case in which authorities say 5.7 billion roubles was stolen from investors in a Moscow real estate development project.
Cambodian police re-arrested Polonsky in November last year, planning to extradite him at Moscow’s request. He has since been added to Interpol’s wanted list.
Polonsky’s Cambodian lawyer Benson Samay said judges at closed-door decision at the Appeal Court on Monday cited the lack of an extradition treaty between Cambodia and Russia in informing their decision.
He also told reporters his client would stay in the country to fight other charges.
Polonsky was detained last year in Cambodia.
Polonsky, who was once worth $1.2 billion, is accused of fraud in a case in which authorities say 5.7 billion roubles was stolen from investors in a Moscow real estate development project.
Cambodian police re-arrested Polonsky in November last year, planning to extradite him at Moscow’s request. He has since been added to Interpol’s wanted list.
Polonsky’s Cambodian lawyer Benson Samay said judges at closed-door decision at the Appeal Court on Monday cited the lack of an extradition treaty between Cambodia and Russia in informing their decision.
He also told reporters his client would stay in the country to fight other charges.
Polonsky was detained last year in Cambodia.