New suspects in high profile Bank of Moscow case
- Companies searched in connection with Bank of Moscow fraud case
- Bank of Moscow heads' multimillion accounts blocked in Switzerland
- UK denies political asylum to former Bank of Moscow heads
- Russia requests Bank of Moscow head extradition from UK
- Charges brought against Bank of Moscow subsidiaries management
- Former Bank of Moscow chiefs under new investigation over $225 mln theft
MOSCOW, May 31 - RAPSI. New suspects have been named in the high-profile Bank of Moscow embezzlement case, including ex-Vice President Alexei Sytnikov, Kommersant newspaper reported on Thursday.
Yesterday, the homes of Sytnikov and several other employees of the Bank of Moscow treasury were searched.
In late 2010, a criminal case was opened against former Bank of Moscow top managers Andrei Borodin and Dmitry Akulinin. Both were accused of appropriating Moscow budget funds amounting to 12.76 billion rubles ($388.7 million) and were placed on the Interpol wanted list.
In February 2012, another two criminal cases were initiated against them, accusing them of embezzling a further eight billion rubles ($243.74 million).
Borodin headed the Bank of Moscow for almost 16 years and was its co-owner. He left the company last spring when VTB shareholders joined the Bank of Moscow board. The shareholders bought 46.48 percent of the bank's shares from the Moscow government.
Borodin and Akulinin left Russia for the United Kingdom, where they requested political asylum, claiming that their prosecution was politically motivated. The media reported in May that their claim was refused.
Alexey Sytnikov, 44, was in charge of the treasury and the Bank of Moscow's management company. He left the bank in June 2011.