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Former Rosbank CEO 's detention in bribery case extended until January 16

11:33 12/11/2013

MOSCOW, November 12 (RAPSI) - The Presnensky District Court in Moscow has extended the detention of former Rosbank CEO Vladimir Golubkov, who is accused of bribery, until January 16, RAPSI reported from the courtroom.

On November 6, the Moscow City Court rejected an appeal filed by the lawyers who asked to release Golubkov from detention.

Tamara Polyanitsyna, senior vice-president of Rosbank, a suspected accomplice of former Rosbank head Vladimir Golubkov, will remain under house arrest also until January 16.

In May, the police arrested Golubkov, who had headed the bank since 2008, while he was accepting 5 million rubles ($153,082) as part of a larger $1.5 million kickback from the representative of a private company. The executive was allegedly trying to extort the money from Andrei Kovalyov, a former member of the Moscow city legislature and a rock musician, in order to restructure an $80 million debt.

The police believe Tamara Polyanitsyna was also involved in the deal. Both executives face fines of up to 70 times the size of the bribe and prison terms of up to seven years.

Rosbank is a private universal bank within the Societe Generale banking group. It provides banking services to private and corporate clients and has over 600 offices in 340 cities and towns across Russia. It is one of Russia's top 10 banks in terms of assets.

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Former Rosbank CEO 's detention in bribery case extended until January 16

11:33 12/11/2013 The Presnensky District Court in Moscow has extended the detention of former Rosbank CEO Vladimir Golubkov, who is accused of bribery, until January 16.
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