Billionaire Kustov Arrested in Fraud Investigation Involving Efko Executives
Valery Kustov, the founder and majority shareholder of the Russian agribusiness group Efko, has been arrested in Moscow as part of a fraud investigation. The investigation also led to the arrest of several Efko executives and a senior official from the Industry and Trade Ministry. The arrests are linked to a criminal investigation into the company Transportation of the Future, which develops unmanned aerial systems. Moscow's Meshchansky District Court ordered the detention of Efko's director of strategic development and deputy development director on fraud charges. The investigation highlights potential financial misconduct within the company. 
