Russia: Billionaire Gives Up Business After Publishing a Video On Bank Fraud

Alexander Lebedev, Russian tycoon, said that he will give up his banking business and join pro-Kremlin People's Front, after he published a video clip [ru] on corruption in Federal Security Service and Central Bank in his blog, reported [ru]. The video has been removed shortly after its publication, although bloggers re-posted it. Following that, Lebedev said ‘his business experienced problems in the Central Bank’ and announced his sudden decision.

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