The CEO of VimpelCom’s Russian subsidiary Beeline has resigned over alleged corruption at his former employer.
Mikhail Slobodin (pictured) is implicated in a bribery scandal at Integrated Power Systems, now part of energy company T Plus, along with a range of other executives.
Former T Plus CEO Boris Vainzikher has been detained, but Slobodin is still being sought by Russia’s Investigative Committee over the illegal payments “and other properties” totalling more than 800 million rubles between 2007 and 2014 in the Komi Republic area of the country.
VimpelCom said it had accepted Slobodin’s resignation “with immediate effect” on Monday.
It is an embarrassing situation for the operator, which less than two weeks ago extended Slobodin’s contract until 2019.
Kjell Morten Johnsen, VimpelCom’s Head of Major Markets, said at the time: “We are pleased to continue to have Mikhail on board as he leads the digital change and transformation of our business in Russia over the coming years.
“Mikhail has led from the front in demonstrating the change that Beeline is undergoing in Russia and his leadership and deep market knowledge will continue to underpin and serve our business well in this highly competitive market.”
Johnsen will now take over from Slobodin as CEO of Beeline.
VimpelCom is trying to move on from such scandals, following its admission earlier this year that corruption had taken place at its opco in Uzbekistan.
The operator paid out $795 million for violating the US Foreign Corrupt Practices Act and other laws in the Netherlands.
Group revenues were broadly flat at $2.2 billion in the second quarter, its most recent financial results.