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. Last Updated: 07/27/2016

Jewelers Held for ‘Contraband’

A Moscow court on Monday ordered the arrest of two senior executives of Altyn holding, which operates a chain of jewelry stores in Russia and abroad, on suspicion of dealing in contraband.

The Lefortovsky District Court sanctioned the arrest of the vice president of the company’s supervisory board, Antonina Babosyuk, and her husband, Altyn-St. Petersburg factory director Vladimir Fenkov, at the request of the Federal Security Service, Moscow City Court spokeswoman Anna Usachyova told Interfax.

The court arrested two other suspects in the case Friday, Altyn hypermarket director Valentina Shadrina and Tyan Shan company chief Vladimir Sukhoveyev, Interfax reported.

The FSB opened a contraband case on Oct. 5, and searches were carried out at Altyn locations in Moscow, St. Petersburg and Omsk last week.

Altyn, which was set up 19 years ago, has six stores in Russia, including three in Moscow, two in St. Petersburg and one in Omsk. It also owns jewelry factories and stores in Kazakhstan, Kyrgyzstan and the United Arab Emirates.

Altyn’s case is the latest in a series of crackdowns on the owners of major retail chains, including Sunrise’s Sergei Bobylev, Yevroset’s Yevgeny Chichvarkin and Arbat Prestige’s Vladimir Nekrasov. All of them face various criminal charges, but none has been convicted.