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Most of the money embezzled is believed to go abroad while the rest is kept in the bank or discreetly invested in property.
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Allegations that up to $100,000 was embezzled were "absolutely, 100 percent, completely made-up," he said.
Suppose that, for each suspect, the amount of bribes accepted and the amount embezzled are not interchangeable.
The problem with people who embezzle is that they don't think of anyone but themselves".
But this is partly because those who embezzle are less deft than were Mobutu's men, who laundered their loot through scores of dummy companies.
The defence had argued that the charges were absurd since the amount of oil said to have been embezzled would be equivalent to the entire production of Yukos in the period concerned.
(To peculate is to embezzle).
Is it so certain corrupt officials will have a large space to embezzle?" China is consuming 40 percent of the world's cement and steel as part of an urbanization drive that will reshape this nation over the next two decades.
No business school class can make you realise embezzling money is wrong if that's your inclination.
Mr. Maksimov, who was arrested in February on suspicion of embezzling hundreds of millions of dollars, is hardly the only Russian tycoon who has run into trouble.
The amount Dale Rathke embezzled, $948,607.50, was carried as a loan on the books of Citizens Consulting Inc., which provides bookkeeping, accounting and other financial management services to Acorn and many of its affiliated entities.
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CEO of Professional Science Editing for Scientists @ prosciediting.com