Oleg Kiselev

Fraud claim hits Renaissance boss

Millionaire businessman Oleg Kiselev has resigned as chairman of investment bank and brokerage Renaissance Capital to fight allegations of fraud.

Mr Kiselev has denied the charges, which were brought last week and relate to transactions in shares of a metal ore extraction and processing plant.

Calling the charges completely false, Mr Kiselev said he was stepping down to clear his “good name”