Рейтинг@Mail.ru
RusEng

News

Interior Ministry reverses decision to drop charges against VEB exec

17:36 17/07/2012

MOSCOW, July 17 - RAPSI. The Interior Ministry has reversed its decision to drop fraud charges against Foreign Economic Bank Deputy Chairman Anatoly Ballo, the Investigative Department reports on Tuesday.

The reversal has been necessitated by additional investigative actions, the ministry said.

Ballo and his alleged accomplices are suspected of embezzling $14 million allocated in 2008 for Evraziyskiy, a water supply operator in southern Russia.

The bank has been Evraziyskiy's major shareholder since 2006.

Investigators have uncovered that the stolen funds were deposited into Swiss bank accounts and charged Ballo with fraud. He faces up to 10 years in prison.

Initially, he was brought into the case as a witness, but a separate case was later opened against him.

Share thisE-mail this articlesubmit newsAdd to blogrss feed
Add to blog
To link to this material, copy the code to your blog.
Publishing code:
Preview:

Interior Ministry reverses decision to drop charges against VEB exec

17:36 17/07/2012 The Interior Ministry has reversed its decision to drop fraud charges against Foreign Economic Bank Deputy Chairman Anatoly Ballo.
Forward news story

All fields are mandatory!

Submit news

All fields are mandatory!

Share this

Top news