An Austrian court has rejected a U.S. request to extradite billionaire Ukrainian industrialist Dmytro Firtash to face corruption charges.
Firtash denied accusations of bribery and money-laundering during the court hearing on April 30.
Firtash told the court in Vienna that allegations that he had conspired to bribe Indian government officials were "absolutely untrue."
A U.S. grand jury in 2013 indicted Firtash, along with a member of India's parliament and four others, on suspicion of bribing Indian government officials to gain access to minerals used to make titanium-based products.
Firtash, 49, was arrested in Vienna a year ago at the request of U.S. authorities, who have been investigating him since 2006.
He was released from detention in March 2014 after posting bail of 125 million euros ($140 million).
Firtash's legal team argued that the criminal case was politically motivated.
Firtash's gas-trading and chemicals businesses flourished under Ukraine's ousted pro-Russian president Viktor Yanukovych.
