AGL 37.99 Decreased By ▼ -0.03 (-0.08%)
AIRLINK 215.53 Increased By ▲ 18.17 (9.21%)
BOP 9.80 Increased By ▲ 0.26 (2.73%)
CNERGY 6.79 Increased By ▲ 0.88 (14.89%)
DCL 9.17 Increased By ▲ 0.35 (3.97%)
DFML 38.96 Increased By ▲ 3.22 (9.01%)
DGKC 100.25 Increased By ▲ 3.39 (3.5%)
FCCL 36.70 Increased By ▲ 1.45 (4.11%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 14.49 Increased By ▲ 1.32 (10.02%)
HUBC 134.13 Increased By ▲ 6.58 (5.16%)
HUMNL 13.63 Increased By ▲ 0.13 (0.96%)
KEL 5.69 Increased By ▲ 0.37 (6.95%)
KOSM 7.32 Increased By ▲ 0.32 (4.57%)
MLCF 45.87 Increased By ▲ 1.17 (2.62%)
NBP 61.28 Decreased By ▼ -0.14 (-0.23%)
OGDC 232.59 Increased By ▲ 17.92 (8.35%)
PAEL 40.73 Increased By ▲ 1.94 (5%)
PIBTL 8.58 Increased By ▲ 0.33 (4%)
PPL 203.34 Increased By ▲ 10.26 (5.31%)
PRL 40.81 Increased By ▲ 2.15 (5.56%)
PTC 28.31 Increased By ▲ 2.51 (9.73%)
SEARL 108.51 Increased By ▲ 4.91 (4.74%)
TELE 8.74 Increased By ▲ 0.44 (5.3%)
TOMCL 35.83 Increased By ▲ 0.83 (2.37%)
TPLP 13.84 Increased By ▲ 0.54 (4.06%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.84 Increased By ▲ 1.87 (5.67%)
WTL 1.72 Increased By ▲ 0.12 (7.5%)
BR100 12,244 Increased By 517.6 (4.41%)
BR30 38,419 Increased By 2042.6 (5.62%)
KSE100 113,924 Increased By 4411.3 (4.03%)
KSE30 36,044 Increased By 1530.5 (4.43%)

A Russian businessman was found guilty on Tuesday of ordering the high-profile murder of a top Russian central banker who led a clampdown on money-laundering and corruption. The state prosecutor said Alexei Frenkel, former head of a small Russian bank, had acted out of revenge when he ordered the killing of Andrei Kozlov, a 41-year-old deputy head of Russia's central bank who had revoked his banks' licences.
Kozlov was shot dead in September 2006 as he left an amateur soccer match in Moscow. It was one of the highest-profile killings of then President Vladimir Putin's presidency, reviving memories of Russia's wild capitalism and contract killings of the 1990s.
The jury found Frenkel guilty of ordering Kozlov's killing after deliberations of more than five hours at the Moscow City Court. Along with Frenkel, there are six other people on trial. Kozlov in a crusade against money-laundering and corruption revoked the licences of dozens of banks, including Frenkel's, the court was told. "The motive for the crime was revenge," said state prosecutor Gulchekhra Ibragimova, adding Frenkel's had lost four of the banks he controlled due to Kozlov's tough actions.
"Kozlov was an enemy of such shady dealers like Frenkel," she told journalists outside the court. "I believe the verdict is just," she added. Frenkel, who strongly denied all accusations, had ordered a driver to pick him up at the court, apparently confident he would be acquitted, Russian media reported.

Copyright Reuters, 2008

Comments

Comments are closed.