A US court released the deputy chairman of Novatek on bail of $80 million

A court in the United States has released Novatek Deputy Chairman Mark Jitway from custody on $80 million bail, reports . Bloomberg

According to the decision of the judge, the top manager of the gas company will be under house arrest. He must also surrender his passport. Jitway himself pleaded not guilty.

• The top manager of Novatek was arrested the day before. 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. According to the most severe of the articles, Jitway faces 20 years in prison.

• Against the background of news about this, Novatek's quotes began to fall. On September 24, they decreased by more than 5% and at a minimum cost 1,791.6 rubles. According to the Forbes Real-Time rating, the fortunes of the main owners of the company, Leonid Mikhelson and Gennady Timchenko, collectively decreased by 1.015 billion rubles during the day.

• Novatek stressed that the arrest of Jitway would not affect the work of the enterprise.