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Will the Russian authorities consider the extradition of Pyotr Kondrashev?

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In May of this year, the law enforcement agencies of Cyprus handed over to the Russian Prosecutor General's Office the former top manager of the Perm Ecoprombank, Andrei Tuev, who was put on the wanted list back in 2016, the Rambler portal indicates.

In Russia, he is accused of abuse of authority, which caused damage to the bank about 500 million rubles. It took about four years to resolve the issue of extradition. (https://www.politicallore.com/pyotr-kondrashev-can-be-extradited-to-russia/26142)

Perm "Ecoprombank" went bankrupt in 2014. The Central Bank revoked his license for risky credit policy, placement of funds in low-quality assets, inability to fulfill obligations to customers and depositors. Experts of the Sostav.ru paid attention that “one of the owners of the bank is an oligarch and a member of the Forbes list, Petr Kondrashev. His name is associated with resonant murders, and budget scams, and the withdrawal of money abroad. If Ecoprombank had called itself the bank of Petr Kondrashev, hardly anyone would have entrusted him with anything. But often such people prefer to remain in the shadows."

According to market experts, after four years of litigation with the Cypriot authorities regarding Andrei Tuev, the Russian authorities will be able to obtain new data on Petr Kondrashev's informal control over Ecoprombank.

However extradition of Mr. Tuev and his willingness to cooperate with investigators can help to reveal theft scheme details. Particular interest of investigators can be the fact of replacing marketable assets of 673 million rubles cost to individual’s and organization’s debt with unknown credibility.

Kommersant media says that investigation can rise to another level of awareness. Their source mentions that in 2018 Vadim Manin, former vice of Tuev was accused of deducing apartments from deposit. He was found guilty for abuse of authority and convicted to 2,5 years in prison. According to Kommersant sources, the credit committee and board members testify against Manin. “It was easy for them, because Vadim Manin was living abroad for several years. But now Tuev can give “his” testimony for episodes that investigation has not known yet - source said. “Investigation obviously waited for Tuev’s extradition, because Petr Kondrashev stayed in the shadows for a long time. Clearly that now, according to new episodes revealing, Russian authorities can apply for his extradition. And they have all the chances to succeed.”

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'Cruella' sequel is in the making at Disney

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After a successful $48.5 million global take in just under two weeks, Emma Stone has been confirmed for the sequel's line up.

Emma Stone has been commended on her strategic performance that she displayed in the Disney Cruella adaption. The director of the movie franchise Craig Gillespie has expressed how eager he is to return alongside screenwriter Tony McNamara for the sequel. It is believed that upon the sequels return, Stone will be playing a centralised role around the character we are used to seeing from the One Hundred and One Dalmatians. The Cruella de Vil adaptations will follow that of the Disney cartoons, meaning we can very well expect to see the cartoon story adapted into film.

Other announcements for this weekend, is the new series of betting offers today that have been made available to readers of this article. Should you find yourself intrigued, you know what to do.

Cruella the movie debuted on the 28th May within theatres all around the world. Disney fans could also get hold of the title from home, under the Disney+ streaming service that is available, however an early access purchase was needed that equates to $30. While the movie has made some impressive takes in just under two weeks, it's the story line and 1970s punk aesthetic that has really got everyone impressed. 

Jenny Beavan is the academy awards costume designer that takes the limelight for incredible creation and bringing to life the genre and age of fashion here. It has been confirmed by Variety, that the costumes designed by Jenny were in fact sold after production for a collaboration with Rag and Bone. While it is often usual that huge franchises do not give credit to the designers once the clothes have been sold off after filming, it is yet to be confirmed should this affect the academy award winner’s future with the sequel. Sure, filming huge movies such as these provide huge exposure to the talent, but it can also mean to ‘sign your life and rights away on that dotted line’, as Beaven said in conversation with press.

Aside from the internal drama on set, the film has been received very well from all angles of the media. With a 97% audience score on huge film review platforms, the cinema scores for opening weekend rank it as the most popular of all remakes from Disney based cartoons. Film critics and audiences that have yet to see this movie will of course go in with a bias of the beaming success that the movie has had thus far. 

Cruella will join the long list of movie adaptations that have made huge success and grossed large amounts of money in their opening weekend. Examples of such movies include Alice in Wonderland, Maleficent, Cinderella, Beauty and the Beast, Aladdin and The Lion King. It is believed that titles such as Peter Pan and Wendy, Pinocchio and The Little Mermaid are in the works next. For the latest updates on their release ensure you keep up to date with lifestyle news releases.

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Corporate tax rules

Big-tech companies to be given historical changes to their international tax agreements

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Recently, some of the richest landmarks and countries of the world, have come to an agreement concerning the closing of international tax loopholes that have been endorsed by the biggest multinational corporations. Some of these tech companies have the largest share prices within the stock market, such as Apple, Amazon, Google and so on.

While tech taxation has long been an issue that international governments have had to agree on between themselves, betting too shares similar problems, especially due to its increase in popularity and allowed legalisation globally. Here we have provided a comparison of new betting sites which follow through on the correct taxation laws and legalities necessary for international usage.

During the G7 summit- which our last reports spoke about the topic of Brexit and trade deals, representatives of the United States, France, Germany, United Kingdom, Canada, Italy and Japan, came to a unified agreement to support the global corporation tax rates of at least 15%. It was in agreement that this should happen as these corporations should pay taxes where their businesses are in operation, and to the land they operate in. Tax evasion has long been propagated using initiatives and loopholes found by corporation entities, this unanimous decision will put a stop to hold tech companies responsible.

This decision is believed to be years in the making, and the G7 summits have long wanted to reach an agreement to make history and reform the global taxation system for the rising innovation and digital age that is on the horizon. Making companies like Apple, Amazon and Google take accountability, will keep taxation in check for what is estimated to be the surge of their developments and involvement overseas. Rishi Sunak, the United Kingdom’s Chancellor of the Exchequer, has mentioned that we are in the economic crisis of the pandemic, companies need to hold their weight and contribute to the reformation of the global economy. Reformed taxation is a step forward in achieving that. Global tech companies such as Amazon and Apple have massively increased in shareholder prices for each quarter after the major drop last year, making tech one of the most sustainable sectors to obtain taxes from. Of course, not all would agree on such comments, being that taxation loopholes have long been a thing and issue of the past.

The deal agreed upon will put massive pressure on other countries during the G20 meeting that is to occur in July. Having a base of agreement from the parties of G7 makes it very likely that other countries will come to an agreement, with nations such as Australia, Brazil, China, Mexico etc. who are to be in attendance. Lower tax haven countries like Ireland will expect lower rates with a minimum of 12.5% where others may be higher depending. It was expected that the 15 percent tax rate would be higher at the level of at least 21%, and countries who agree with this believe that a base level of 15% should be set with possibilities of more ambitious rates depending on destination and region that multinational companies operate and pay taxes from.

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Flutter Entertainment joins the Indian gambling market

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The Indian gambling market continues to grow, and it has received a big boost recently, with one of the biggest names in gambling joining the market. Flutter Entertainment, who operate many casinos and sportsbooks including Paddy Power and Betfair, have joined in by buying a stake in Junglee Games.

It is reported that Junglee Games is the third largest rummy operator in India, so they have gone in and taken one of the leading local operators. Although this is a company that have had plenty of success, you can expect investment from Flutter, in a bid to take even more of the market.

The deal sees Flutter now owning 50.06% of Junglee Games, with the value set at £48 million.

Big news for Indian gaming

The move that has seen Flutter invest in the Indian market could be a big one for the industry as a whole. Some of the bigger players are already involved in India, though Flutter is a new and bigger name that is now on board.

This is their first move into the market but may not be their last. Either further investment from Flutter Entertainment, or further investment from elsewhere because Flutter have joined would be significant and continue the push forward of the industry as a whole.

There is a changing landscape in Indian gambling, with many new operators getting involved to try and take their slice of the market share. This luckydice guide to gambling in India shows exactly what is on offer for those who want to sign up and play, and the list keeps on growing.

The future of the Indian gambling market

With a move as big as this one, the future of the Indian gambling market certainly looks a lot brighter. There is real growth in Indian gaming and sports betting, and that could be boosted further if Flutter Entertainment either invests heavily in Junglee Games or they bring some of their other brands to the country.

There is also the chance that other big names will be taking a look at the market, as they try to follow in the footsteps of Flutter. A look at the world news will show companies investing in many different parts, but they are often not the only ones doing that. Other companies follow suit and also invest in the same areas, because it is a time where they are predicting growth.

Over the coming months, it will be very interesting to see if any other gambling operators turn to the Indian market, either to set up their current brands in that area, or to buy a brand already performing in the area and try to push that forward.

As the market continues to move forward, this move from Flutter Entertainment to get involved could act as an accelerator for the situation, fast forwarding things because they themselves, and potentially others, are investing in the country and the gambling market that it currently has. This could be a big moment for the Indian gambling scene. 

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