( Always a bad deal )
Russian Finance Official Arrested for Trading Govt Secrets for Mercedes
Created: 01.12.2004 12:52 MSK (GMT +3), Updated: 12:52 MSK, 13 hours
11 minutes agoA senior Russian Finance Ministry official has been detained on suspicion of trading classified government information for a Mercedes car that he accepted as a bribe from two businessmen.
Denis Mikhailov, the head of the department in charge of international financial cooperation, state debt and financial assets, was suspected of selling government secrets to two Russian businessmen, Reuters reports, citing a statement from the prosecutor-general's office.
"An investigation has revealed that Mikhailov has handed over a document, which contained classified data, to businessmen Alexei Kirzhnev and Teimuraz Karchala," the statement said.
The cost of the car, which has been confiscated by law enforcement authorities, was estimated at nearly $100,000, Gazeta.Ru reported.
There was no information on what sort of information was traded for the Mercedes.
Corruption among civil servants is rife in Russia and has been blamed for setbacks in the nation's economic development.