March 31, 2018 / 4:44 PM / 20 days ago

Russia's Summa group to appeal co-owner's detention

MOSCOW (Reuters) - Russia’s Summa group said on Saturday it plans to appeal a court decision to hold co-owner Ziyavudin Magomedov in pre-trial detention after he was charged with embezzlement, which he denies.

Ziyavudin Magomedov, the co-owner of Russia's Summa investment and trading group that was involved in construction of a soccer World Cup venue in Kaliningrad, attends a hearing on his detention at the Tverskoy District Court in Moscow, Russia March 31, 2018. REUTERS/Tatyana Makeyeva

A Summa group spokesman said the company “does not agree with the court decision, is poised to appeal it and is ready to cooperate with the investigation.”

Reporting by Gleb Stolyarov; Writing by Gabrielle Tétrault-Farber; Editing by Larry King

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