BitRiver Founder Transferred to Detention Center Amid Bankruptcy Proceedings

Igor Runets, founder of BitRiver, moved from house arrest to pre-trial detention for two months. Fox Group faces bankruptcy over 700M ruble debt.

Woofun AI reports that a Moscow court has transferred Igor Runets, founder of BitRiver, from house arrest to pre-trial detention for a minimum of two months. Previously, an arbitration court in Sverdlovsk Oblast initiated bankruptcy proceedings against Fox Group, the entity holding 98% of BitRiver’s shares. The legal action stems from a 700 million ruble equipment supply contract dispute, where BitRiver failed to deliver goods after receiving an advance payment. Runets remains under charge for tax evasion.