Russian opposition politician Alexei Navalny said on Monday he would shut down his Anti-Corruption Foundation due to hefty court fines imposed over one of its investigations but would try to re-launch it under a new name.
The foundation has specialized in publishing high-impact investigations into what is says is official graft. Those targeted have sometimes disputed its findings and taken successful legal action against it.
Navalny said the latest court fines, which amounted to 88 million roubles ($1.23 million), were the last straw for the foundation.
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(Picture: REUTERS/Shamil Zhumatov)