Yevgeny Novitsky, the former First Deputy CEO of Russian fertilizer producer PhosAgro and head of Russian multi-industry investment conglomerate AFK Sistema, was detained in an investigation of “a criminal case of an economic nature,” according to bne IntelliNews, citing TASS reports from Russian law enforcement authorities.
Novitsky became one of the heads of Sistema’s company in 1995 and was President of the holding company until 2005. Until 2013 he was a member of the company’s board of directors. Novitsky resigned from PhosAgro after sanctions were imposed against him in June 2022, bne IntelliNews reported.
Novitsky’s name appeared in the case file of Alexey Taicher, the ex-owner of Transfin-M, who was arrested the day before, bne IntelliNews reported, citing RBC business portal sources. In 2012 Taicher in partnership with AFK Sistema acquired the railway operator SG-trans.