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Former FESCO president became a defendant in a case over theft of 885 million rubles

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•Former FESCO board chairman Severilov was arrested on February 12, 2026, in Moscow.
•The arrest relates to a case involving the theft of 885 million rubles from FESCO.
•A second suspect has also been arrested in connection with the FESCO embezzlement case.
•Severilov's defense team intends to appeal his arrest.

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▸If the investigation expands to include additional FESCO executives more senior personnel within the Russian transport and logistics sector could face legal scrutiny, potentially impacting corporate governance practices.

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🌍Russian Federation

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📈Russian ruble

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🏛FESCO 🏛Kommersant 🏛RBC

Personas

👤Former president of FESCO(Former President of FESCO)

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Fuentes (9)

RUInterfax (RU)В Москве арестован второй фигурант дела о растрате в FESCO RUTASS (EN)FACTBOX: What is known about arrest of former head of FESCO Group RURIA Novosti (RU)Защита обжалует арест экс-главы совета директоров Fesco RURIA Novosti (RU)Бывшего топ-менеджера Fesco отправили под арест

On February 12, 2026, former FESCO Group chairman Severilov was arrested in Moscow as a defendant in a criminal case involving the embezzlement of 885 million rubles. Authorities have also detained a second suspect in connection with the case. The defense team has announced plans to appeal Severilov's arrest. This development highlights ongoing investigations into financial misconduct within major Russian transport and logistics companies, with FESCO being a significant player in the sector.