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Eight Arrested In Russian High-Tech Export Scandal

Penurious Penguin (2687307) writes | about a year and a half ago

Crime 0

Penurious Penguin (2687307) writes "Millionaire Alexander Fishenko, owner of US-based Arc Electronics Inc, and seven others have been arrested in Houston Texas, with a total of 11 indicted in a conspiracy to smuggle advanced microelectronics from the US to Russia. The technology allegedly involves components of radar, weapons guidance, and detonators. Amongst the evidence are accounting records indicating notable similarity between the revenue of Arc Electronics and the Russian Federation's defense spending; intercepted phone calls and emails; and a letter to Arc Electronics from a Russian domestic intelligence lab complaining of defective microchips .
A Russian foreign ministry spokesman has denied there were any intelligence connections in the affair."

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