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Sunday, December 10, 2023
WorldAsiaUS Court Finds Novatek VP Jitway Guilty of Hiding Assets

US Court Finds Novatek VP Jitway Guilty of Hiding Assets

A jury in Florida found Marc Anthony Gitway, vice chairman of the board of directors of Russian gas company Novatek, guilty of concealing foreign assets, providing false information to the US Internal Revenue Service and d evading disclosure of tax returns. This is stated in a statement to to place US Department of Justice.
Jitway faces prison terms on several counts:

up to five years in prison for concealing foreign assets, up to five years in prison for misrepresenting the US Internal Revenue Service, up to one year in prison for each count of tax evasion.

Judgment is scheduled for September 21, 2023.
Mark Anthony Gitvaya was arrested in Florida in September 2021 for $93 million tax evasion. The court later released a senior executive on $80 million bond, after which
According to investigators, from 2005 to 2016, Jitway hid offshore assets. According to the prosecution, in order not to declare these funds, he made false declarations to the tax service, where he indicated his wife, who has Russian nationality, as the beneficiary of financial assets. The top manager himself pleaded not guilty.
The Russian President’s press secretary Dmitry Peskov noted that the Kremlin is interested in Jitway’s fate as a Russian citizen, but cannot interfere in his case. At Novatek spoke that they have not received any requests from the United States and that the arrest of the vice chairman of the board will not affect the company’s activities.

What are the potential consequences of Mark Anthony Gitway’s investigation, RTVI told here.

Jitway has worked in Russia since 1995. He first partnered with PwC Global Energy, a consultancy and audit firm. In 2003, he joined Novatek, where he became Chief Financial Officer. In 2007, he took of member of the board of directors of the company, in 2010 – deputy chairman of the board. In 2019, Jitway received Russian citizenship. He is also an American and Italian citizen.

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Russia Desk
Russia Desk
The Eastern Herald’s Russia Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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