October 19, 2012 / 8:05 AM / 5 years ago

TNK-BP manager arrested on suspicion of fraud in Russia

MOSCOW (Reuters) - A government relations manager at Anglo-Russian oil firm TNK-BP TNBP.MM has been arrested on suspicion of fraud, the Russian Interior Ministry and the company said on Friday.

The arrest of Igor Korneyev, who TNK-BP said had worked at the company for three months, comes after state-controlled oil major Rosneft (ROSN.MM) made offers totalling over $50 billion to take over Russia’s No.3 oil firm.

TNK-BP is a 50-50 joint venture founded in 2003 between Britain’s BP (BP.L) and a quartet of Soviet-born billionaires.

Reporting by Vladimir Soldatkin; Writing by Douglas Busvine; Editing by Steve Gutterman

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