Billionaire Vadim Moshkovich Pleads Not Guilty to Fraud

Vadim Moshkovich, the founder of Rusagro and a billionaire, pleaded not guilty to fraud charges in Russia. The indictment accuses him of large-scale fraud, and Russian prosecutors are requesting pre-trial detention. The development was reported by Interfax, a Russian news agency.

On Thursday, Vadim Moshkovich, founder of the Russian agribusiness giant Rusagro, entered a not guilty plea in a Russian court regarding recent fraud charges brought against him.

The 57-year-old billionaire was formally indicted for large-scale fraud earlier this week, prompting Russian authorities to pursue a pre-trial detention.

This case has quickly attracted attention, as reported by the Russian news agency Interfax, highlighting possible significant legal repercussions for one of the nation's most prominent business figures.

(With inputs from agencies.)