Sergei Matsotsky, a well-known Russian IT businessman, has been arrested in absentia in Moscow in connection with a major bribery case. The Basmanny District Court of Moscow issued the order for his detention on July 18.
The court ruling stipulates that Matsotsky will be detained for two months from the moment of his extradition to Russia or his apprehension within the country.
While a warrant has been issued for his arrest, Matsotsky is not currently listed on the wanted list of the Ministry of Internal Affairs.
Matsotsky, 63, gained prominence in the 1990s as a co-founder of IBS Group, which became a leading provider of IT services and software in Russia, also specializing in consulting, business process automation, and outsourcing.
In 2020, he departed IBS to establish his own holding company, GS-Invest, overseeing companies such as Rubitech, IT_One, Arenadata, Avanpost, Skala-P, and BFT. Three years later, he sold his stake to the company’s management.
The ownership structure of GS-Invest is currently concealed, reportedly to avoid international sanctions. As of December 31, 2024, nearly half of the shares are owned by closed combined unit investment funds.
Matsotsky has long been considered a highly influential figure in the Russian IT market, with his wealth estimated to be in the billions of rubles.