RUSSIA: Russian Standard Vodka sues ex-CEO Radicati
Russian Standard Vodka has filed a lawsuit against its ex-CEO, Carlo Radicati, following an internal audit of his time at the company.
Russian Standard confirmed to just-drinks today (4 June) that it has filed a court claim seeking RUB311m (US$10m) in damages from Radicati, who was CEO of the St Petersburg-based vodka firm between April 2007 and July 2008.
A Russian Standard spokesperson said: "An internal audit of the period when Carlo Radicati was CEO of Russian Standard Vodka raised questions about his professional conduct.
"Due to the significant claim uncovered by the audit, we decided to involve the Government, in this case the court, to obtain an objective evaluation of the case and ruling on our claim."
Radicati, who joined the firm from Beverages & Trading LLC, the Russian distribution arm of Bacardi-Martini Group, has since become CEO of Russian Standard domestic rival, Russian Alcohol Group.
No reason was given last year for Radicati's departure from Russian Standard after just 15 months in the job.
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