Extraordinary news: I can't vouch for any of it: I'm translating it exactly as it is, with the links, and appending the Russian below (kotomish):
According to information in ArtKhronika, Valeri Nosov, the former deputy Finance Minister of the Moscow Region and the owner of Artmedia Group, which publishes the Open Space web-portal, the magazine Blacksquare and the Russian Art+Auction, the first number of which has just been published, has been arrested. Nosov is accused of financial and property crimes. According to information received by Artkhronika, at the end of the autumn Valeri Nosov was let go from his post in the Moscow Region government, his passport was confiscated and he gave an undertaking not to travel. Nosov is involved in the same case as ex-Finance Minister of the Moscow Region government Mr Kuznetsov and his spouse Zhanna Bullock, who in the summer managed to leave Russia.
http://artchronika.ru/item.asp?id=116
That's all.....
UPDATE: Dear readers! The information about Valeri Nosov, owner of the company Artmedia Group, has not been confirmed. Please accept our apologies.
http://artchronika.ru/item.asp?id=118
http://www.openspace.ru/news/details/6563/- Open Space has discovered that the news has been removed, but really it had to be removed, it exposed Artkhronika to criticism.
But а little worry remains... And rumours have been flying for four days.... And talk of problems for the last six months... What's going on?
Back to my commentary now: According to Kommersant, Mr Nosov at some point took over Mr Kuznetsov's job as Finance Minister but resigned in late October. (
PRagent, in Russian). That of course could be the source of the "rumours" mentioned by kotomish and seems to confirm one part of ArtKhronika's original claim, that Mr Nosov was let go from his post. Apparently the budgetary situation in the Moscow Region is complicated:
An anonymous source of Kommersant in the banking sphere explained that the region's current problems are connected to the destruction of the method of atttracting investment that was created by the former Minister of Finances of the region Alexander Kuznetsov and his deputy Valeri Nosov.
More info: Marat Guelman carries the same ArtKhronika report but then adds that Nosov is, according to [Open Space writer Oleg] Kashin, in London. A comment to Guelman's post by Kashin also states that Nosov is in London and that he has not run away (
galerist, in Russian).
On another LiveJournal site there is speculation that this affair might be part of a "corporate war" between Open Space and ArtKhronika (
art_links, in Russian).
.I can only add that if anything does interfere with Mr Nosov's publishing activities, it will be a significant loss to the Russian art world. Open Space has very quickly established itself as a major forum and the first edition of Art+Auction looked very good.