© Reuters. FILE PHOTO: Then-Chief Financial Officer Mark Gyetvay of Novatek speaks during the Reuters Russia Investment Summit in Moscow, Russia, September 11, 2007. REUTERS/Sergei Karpukhin/File Photo
MOSCOW (Reuters) – Mark Gyetvay, a deputy chief of Russian producer Novatek, who was arrested last week in the United States on tax charges, said on social media on Sunday that he had pleaded not guilty and would fight the charges.
“Dear friends and colleagues. On Thursday I was indicted for baseless tax charges that I already settled through a voluntary program, and pleaded not guilty. I will vigorously fight these charges and will continue to discuss gas topics as normal,” Gyetvay wrote on Twitter (NYSE:).
The U.S. Department of Justice said on Thursday that Gyetvay had been arrested on tax charges related to $93 million hidden in offshore accounts. He faces a lengthy prison sentence if convicted.
Gyetvay, who holds passports from both the United States and Russia, was subsequently ordered released on a $80 million bond by U.S. Magistrate Judge Douglas Frazier of the federal court for Florida’s Middle District, according to court filings.
He has been the leading voice at Novatek, anchoring conference calls with investors and representing the company at industry events as it seeks funds for liquefied natural gas (LNG) projects.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Be the first to comment