MOSCOW, November 29 (RAPSI) – Shareholders of the world’s largest potash manufacturer Uralkali on Friday voted for a new board of directors, including CEO Vladislav Baumgertner, who is currently being held at a pre-trial detention in Moscow, according to a statement released by Uralkali.

The jailed chief executive of Uralkali, has been brought to Moscow from Minsk following an extradition request on November 22.

Baumgertner was detained in Minsk on August 26. According to the Belarusian authorities, the criminal case against him was launched as the result of a probe into abuse of power allegations that led to grave damage to the public interests of Belarus, and damages to the company Belarusian Potash.

The charges followed a July decision by Uralkali to dissolve its international cartel with Belaruskali, sending potash prices spiraling down. Baumgertner remains in Minsk since he was placed under house arrest in September.

A criminal investigation into the chief executive of the world's largest potash producer was opened in Russia on October 15. On October 21, Moscow's Basmanny District court issued an arrest warrant in absentia for Baumgertner.

If convicted, Baumgertner faces up to 10 years in prison.