Industry & Science Minister Reprimanded for Business Activity in Czech Republic

7 February 2012 (09:52)

Sverdlovsk Region’s public prosecution authorities conducted an inquiry at the regional Ministry for Industry & Science.

It was determined that Alexander Petrov, who was appointed Deputy Head of Sverdlovsk Region Government and the region’s Minister for Industry & Science by Governor of Sverdlovsk Region (decree No. 1212-UG dated December 28, 2009), was the Managing Director of a profit-making company ReltecInternationals.r.o. (based in Prague, the Czech Republic) in 2005-2011.

Now under the existing legislation, a member of Sverdlovsk Region Government cannot get engaged in any entrepreneurial activity either personally or through authorized representatives, which includes a ban on the management of any enterprise, regardless of this enterprise’s organizational and legal form.

The region’s prosecutor informed acting Governor of Sverdlovsk Region that this legal violation should be eliminated. After the documents had been considered, Alexander Petrov had to face disciplinary liability in the form of a punitive reprimand.

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