Rusagro Shares Plummet After Founder’s Detention, Losing Nearly One-Third of Market Value
Russian agricultural giant Rusagro experienced a dramatic stock market downturn following the detention of its billionaire founder, Vadim Moshkovich, with shares plummeting more than 32% on the Moscow stock exchange. The company's stock price dramatically dropped from 230.50 roubles on Wednesday to an intra-day low of 156.32 roubles on Thursday, reflecting significant investor uncertainty in the wake of the founder's legal troubles. News of Moshkovich's police charges emerged on Wednesday, immediately triggering a substantial market reaction. As a leading producer of sugar, meat, oil, and fat products in Russia, Rusagro's rapid value decline highlights the potential economic impact of high-profile legal actions against corporate leadership.