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Thursday, February 21, 2008

Russian Prime Minister Jailed

Former Russian minister Yevgeny Adamov has been sentenced to five and a half years in prison for abusing his office and embezzling more than $30m. On Tuesday, the former atomic energy minister was found guilty of setting up a criminal gang, illegally seizing property and acting against the state.

Adamov, who denied the charges, was arrested in Switzerland in 2005 after a US request, but extradited to Russia. The US accuses him of embezzling $9m it donated to improve nuclear safety. The US had also requested his extradition.

A Russian prosecutor had asked the court to sentence Adamov, who served as minister from 1998 to 2001, to nine years in jail.

Read the Full Story [Here]

This could be one of the major reasons Russia's finances have become erratic. Now that they have identified where the missing money has gone, hopefully they can get themselves back on track. If Russia was smart they would start looking more closely into where and how the governments money is spent. This would help their economy and would help stabilize all of the redistributing of budgets.

To look at the real picture though, there is always the temptation for self-gain when one is in politics. With a system like Russia, where most of the ministers and such are allowed to be a step above the law, the temptation only grows. With the loose style the politicians are allowed to rule in, it is not extremely surprising to see someone gaining some pocket change.

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