The fortune of Mikhelson and Timchenko fell by $1 billion after the arrest of the Novatek top manager

The fortunes of the main owners of Novatek, Leonid Mikhelson and Gennady Timchenko, decreased by $1.015 billion in total during the day, Forbes reports , citing data from the Forbes Real-Time rating, which is updated in real time.

As of 16:50 Moscow time, Mikhelson's fortune was down by $513 million (1.7%), and Timchenko's by $502 million (1.85%). The capital of the first was estimated at $29.6 billion, the second - $26.6 billion.

Novatek shares on the Moscow Exchange on September 24 fell by more than 5%. At the minimum, they cost 1,791.6 rubles. As of 18:28 the price was 1841.8 rubles.

Quotes are falling after the news of the arrest in the United States of the deputy chairman of the board of Novatek, Mark Jitway. According to the US Department of Justice, from 2005 to 2016, he hid information about his offshore assets in order to avoid paying income taxes. Under the most severe of the articles, the gas company's Jitway faces 20 years in prison.

Novatek, commenting on the incident, said that the arrest of the top manager would not affect the work of the enterprise. The company noted that it has not yet received any formal inquiries from the US or other countries regarding Jitway.