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Detention of Uralkali CEO for abuse of power to be appealed

Sept. 13, 2013 at 10:58 AM

MINSK, Belarus, Sept. 13 (UPI) -- An attorney for the head of Uralkali, the world's largest potash producer, said Friday he would appeal a Belarusian court's decision to keep his client in jail.

Vladimir Baumgertner, chief executive of Uralkali, was jailed in Minsk Aug. 26 for what authorities said were business decisions that caused the price of potash to tumble on world markets, RIA Novosti reported Friday.

Baumgertner's attorney, Dmitry Goryachko, said the court's decision Tuesday would be appealed "as soon as possible."

The Belarusian Investigative Committee has charged Baumgertner with "abuse of office that led to substantial damage to Belarus' national and governmental interests" as well as losses to the Belarusian Potash Co., Itar-Tass reported.

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