Polonsky, who was once worth $1.2 billion, is accused of fraud in
a case in which authorities say 5.7 billion rubles ($175 million)
was stolen from investors in a Moscow real estate development
Cambodian police re-arrested Polonsky in November last year,
planning to extradite him at Moscow's request. He has since been
added to Interpol's wanted list.
Polonsky's Cambodian lawyer Benson Samay said judges at closed-door
decision at the Appeal Court on Monday cited the lack of an
extradition treaty between Cambodia and Russia in informing their
He also told reporters his client would stay in the country to fight
Polonsky was detained last year in Cambodia and released on bail in
April with two other Russians after being charged with assault and
illegal detention after an alleged altercation with the crew of a
"He won't be extradited to Russia and he will continue to help
Cambodia by investing here," his lawyer told reporters. "I will help
him find a wife, he is a good man."
(Reporting by Prak Chan Thul; editing by Douglas Busvine and
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