Chechen Businessman Buys Stake in Gold Mining Company at Final Auction (opens original article in a new tab)

A Chechen businessman's company won a government auction for a major stake in Russia's Yuzhuralzoloto gold mining group, with the final bid significantly lower than the original value. The company was previously seized over allegations of illegal asset acquisition.

• Chechen businessman Ruslan Baisarov's company won a government auction for 67.2% stake in Yuzhuralzoloto Group of Companies
• The winning bid was 93.16 billion rubles, lower than the original 162 billion rubles
• YUGK was seized in July due to allegations against its former owner Konstantin Strukov