Russian Arrested In
Costa Rica On 1990's
Real Estate Fraud
Charges
Interpol and Costa Rican
authorities have
arrested a Russian
national wanted at home
on fraud charges in
Costa Rica , the local
Interpol bureau said on
Wednesday.
"Nikolai Korobkov was
arrested at the request
of the Russian General
Prosecutor's Office
based on its probe into
property-related fraud,"
the press release said.
According to Interpol,
Korobkov, 54, set up the
Investment Industrial
and Commercial Co.
during the 1990's in
Russia and signed around
150 housing investment
contracts. He is alleged
to have failed to
declare the funds he
attracted, instead
spending them on
acquiring property
abroad.
"Investors lost an
estimated $2 million,"
the press release said.
Korobkov fled Russia in
1997, heading first to
Denmark and then on to
Brazil, where he
obtained a fake
passport. He arrived in
Costa Rica in 1998,
where he has lived with
his wife and daughter
ever since, running a
home-decorating
business.
Extradition procedures
are underway.
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