Russian President, Putin Arrests, Fires Minister Over $2m Bribe

Russian President Vladimir Putin has wielded the big stick after he ordered the arrest and sack of Economic Development Minister Alexei Ulyukayev for collecting a $2 million bribe.

Alexei is the most senior government official to face charges in years after he reportedly accepted kick-backs in a deal involving the state-controlled oil giant Rosneft.

“Putin fired Economic Development Minister Alexei Ulyukayev after losing trust in him”, Kremlin spokesman Dmitry Peskov told reporters on Tuesday.
According to reports, the 60-year-old was arrested late on Monday after he allegedly received the huge bribe in a sting operation set by the FSB, the KGB’s main successor agency, an investigative committee said in a statement.

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