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Austria turns over Russian banker sought for $60 mln embezzlement

10:24 12/12/2013

MOSCOW, December 12 (RAPSI) - Austria has extradited banker Alexander Gitelson detained for the alleged embezzlement of nearly $60 million, Russia's Interior Ministry reported Thursday.

Gitelson was detained in Austria in April. The Russian Prosecutor General's Office sent an extradition request, saying that Gitelson was sentenced to 5 years in prison in absentia, for defrauding a lawmakerout of 500 million rubles.

According to the St. Petersburg Investigative Department, Alexander Gitelson, former owner of the Bank of East European Finance Corporation (EEFC Bank, St. Petersburg) and former board chairman of Inkasbank, and former Inkasbank CEO Tatyana Lebedeva are suspected of embezzling over 1.9 billion rubles (around $60 million), which the finance committee of the Leningrad Region government deposited in Inkasbank in the period from May 2006 to May 2007.

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Austria turns over Russian banker sought for $60 mln embezzlement

10:24 12/12/2013 Austria has extradited banker Alexander Gitelson detained for the alleged embezzlement of nearly $60 million, Russia's Interior Ministry reported Thursday.
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