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Russian tycoon Sergei Polonsky freed by Cambodian court Russian tycoon Sergei Polonsky freed by Cambodian court
(35 minutes later)
A Cambodian court has freed Russian tycoon Sergei Polonsky and he will not be extradited to Russia to face embezzlement charges there, his lawyer has said.A Cambodian court has freed Russian tycoon Sergei Polonsky and he will not be extradited to Russia to face embezzlement charges there, his lawyer has said.
Polonsky, who was once worth $1.2bn (£730,000), is accused of fraud in a case in which authorities say 5.7bn roubles (£106m) was stolen from investors in a Moscow property development project. Polonsky, who was once worth $1.2bn (£730,000), is accused of fraud in a case in which authorities say 5.7bn roubles (£105m) was stolen from investors in a Moscow property development project.
Cambodian police rearrested Polonsky in November last year, planning to extradite him at Moscow's request. He has since been added to Interpol's wanted list.Cambodian police rearrested 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. Polonsky's Cambodian lawyer Benson Samay said judges at a 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.He also told reporters his client would stay in the country to fight other charges.
Polonsky was detained last year in Cambodia and released on bail in April with two other Russians after being charged with assault and illegal detention after an alleged altercation with the crew of a tourist boat. Polonsky was detained last year in Cambodia and released on bail in April with two other Russians after being charged with assault and illegal detention following an alleged altercation with the crew of a tourist boat.
"He won't be extradited to Russia and he will continue to help Cambodia by investing here," his lawyer told reporters. "I will help him find a wife. He is a good man.""He won't be extradited to Russia and he will continue to help Cambodia by investing here," his lawyer told reporters. "I will help him find a wife. He is a good man."
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