Thursday, May 5, 2011

Arrests Ordered of Fugitive Russian Bankers

A Moscow court sanctioned the arrest of Andrey Borodin and Dmitry Akulinin, until recently the president and the vice president of the Bank of Moscow. Both had fled abroad. The Bank of Moscow was created by former Moscow Mayor Yuri Luzhkov and grew to become the fifth largest in the country. The police probe is centered on a $400 million loan to a small company allegedly linked to an inflated purchase of land from Luzhkov’s billionaire wife, Yelena Baturina.

http://www.kommersant.ru/doc/1635087
http://www.vesti.ru/videos?vid=335350 (video)

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