Russian cosmetics brand Mixit’s CEO faces fraud charges amid dispute with former employee who says she co-founded the brand
Oleg Pai, CEO of Mixit, one of Russia’s most recognizable and successful cosmetics brands, was detained in Moscow on September 19. He is accused of fraud, and a court placed him under house arrest. Mixit co-founder Yelena Nazarova linked his detention to a corporate dispute. “We don’t understand how a civil dispute with our former employee could have turned into a criminal investigation. We see…
Oleg Pai, CEO of the Russian cosmetics brand Mixit, was detained in Moscow on September 19 and placed under house arrest on charges of fraud. Co-founder Yelena Nazarova accused the detention of being linked to a corporate dispute with a former employee. Mixit, a mass-market skincare and makeup brand, reported revenue of over 15 billion rubles in 2025, up 140% from the previous year. The dispute reportedly began in 2019 and involved allegations of document forgery, but no further details are provided.
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