Russian Economy Minister Alexei Ulyukayev, who was detained over night, was formally charged with bribery by investigators on November 15, 2016, after allegedly taking a 2-million-dollar bribe in a deal involving state-controlled oil giant Rosneft.
The Investigative Committee said in a statement the detention was carried out as a result of an operation by the FSB security service.
It claimed the minister received the money yesterday for giving the go-ahead for Rosneft to acquire a majority stake from the state in Russian oil company Bashneft in a $US5.2 billion deal last month.
The statement does not say who gave the bribe to Mr. Alexey Ulyukayev.
The sale of the 50.07 per cent stake in Russia’s sixth-largest producer came after months of wrangling that has seen Rosneft — headed by Igor Sechin — face down opposition from some in the government, while Mr Ulyukayev said Rosneft could bid for the stake.
«The entire sum — 329.69 billion roubles — will go to the Russian budget,» Mr Ulyukayev said in a statement after the deal on October 12, adding that the government had received only two bids and the other one had been less than the company’s independently assessed value.
Mr Putin said publicly at the time that he was «a little surprised at such a position of the government, but this really is the government position, primarily of the financial and economic bloc».
The Investigative Committee said in a statement that Mr Ulyukayev had been detained as part of a probe into large-scale bribe taking, for which he could face a jail term of between eight and 15 years.
It said that it will charge him shortly.
Spokeswoman Svetlana Petrenko told RIA news agency: «This is about extortion of a bribe from Rosneft representatives accompanied by threats. Ulyukayev was caught red-handed as he received a bribe,» she said.
She said: «The acquisition of the Bashneft shares was carried out on a legal basis and is not the subject of the criminal investigation.»
Mr Ulyukayev has served as head of the ministry of economic development since 2013. RIA cited a law enforcement source as saying that Mr Ulyukayev was detained as part of «sting operation» after investigators received «serious evidence» from «tapping his conversations and the conversations of his associates».
A spokesman for Rosneft told TASS state news agency the company would not comment on the Investigative Committee’s actions but that it acquired the Bashneft stake «in accordance with Russian law on the basis of the best commercial offer made to the operating bank».
Kremlin spokesman Dmitry Peskov told Interfax news agency: «This is a very serious accusation that requires very serious proof. In any case only a court can decide».
First deputy central bank chief Sergei Shvetsov told RIA that Mr Ulyukayev «was the last person you would suspect of something like this. What is written in the media looks absurd. Nothing is clear now».
Bashneft, an oil producer based in the central city of Ufa, was originally privatised in the early 2000s.
In 2014, a Moscow court ordered the nationalisation of a stake held by billionaire Vladimir Yevtushenkov after he was detained on money laundering charges.
Two months after Bashneft’s nationalisation, Mr Yevtushenkov was released. The decision to let state-controlled Rosneft bid for the stake in Bashneft had been widely criticised, including by many in government who have demanded the country’s creaking economy be liberalised.
Leading business daily Vedomosti said ahead of the confirmation of the Bashneft sale that it «confirms that Russia is knowingly building state capitalism and monopolising the economy».
«It’s impossible to call the sale of one state company to another state company privatisation,» Vedomosti said.
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