TNK-BP manager arrested on suspicion of fraud in Russia
The arrest of Igor Korneyev, who TNK-BP (BP..LO)said had worked at the company for three months, comes after state-controlled oil major Rosneft made offers totalling over $50 billion to take over Russia's No.3 oil firm.
TNK-BP is a 50-50 joint venture founded in 2003 between Britain's BP and a quartet of Soviet-born billionaires.
(Reporting by Vladimir Soldatkin; Writing by Douglas Busvine; Editing by Steve Gutterman)