Russian Tech Executive Arrested in Absentia on Bribery Charges
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Russian Tech Executive Arrested in Absentia on Bribery Charges
Sergei Matsotsky, a co-founder of Russian IT giant IBS, has been arrested in absentia on large-scale bribery charges. Details of the charges have not been disclosed. He played a key role in building Russia’s domestic IT industry.
The Basmanny District Court said Matsotsky had left Russia prior to the ruling. Details of the charges have not been disclosed.
Matsotsky, who played a key role in building Russia’s domestic IT industry, faces accusations of paying a large bribe, according to the Moscow court system’s press service.
Matsotsky and his IBS co-founder Anatoly Karachinsky split their business holdings in 2020, with Matsotsky launching GS-Invest, a holding company focused on software development and systems integration.
He maintained close business ties with Russian state-linked firms, including negotiations with Gazprombank to create a joint IT venture.
In 2021, Matsotsky partnered with former Rostelecom executive Andrey Cheglakov to launch a project known as Rusim.
He also took ownership of L2U, a Russian firm specializing in IT support software. L2U’s clientele includes Matsotsky-linked companies like Budget and Financial Technologies and Rubitech as well as other organizations including LokoBank, Bank Soft Systems, Notamedia and Handysoft.