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Football chief charged over £30m fraud

19 Jul

Anton Zingarevich and John MadejskiImage copyright
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Anton Zingarevich, left, bought 51% of shares in Reading FC from former owner Sir John Madejski in 2012, but failed to take over the club by the October 2013 deadline

Reading FC’s former majority shareholder has been charged with embezzlement, a Russian media outlet says.

Anton Zingarevich was being investigated for allegedly illegally using money to finance ice hockey club Atlant Moscow Oblast.

Newspaper Kommersant reported (in Russian) Mr Zingarevich is accused of defrauding two banks out of £30m.

The business magnate is thought to be in the USA.

The paper adds his business partner Konstantin Shishkin is under house arrest in Moscow.

The charges relate to the Russian businessman’s energy firm Energostroyinvest Holding.

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