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

MOSCOW, March 14 (RAPSI, Saria Kiut) – Moscow's Presnensky District Court on Friday extended the detention of former Rosbank CEO Vladimir Golubkov, who is accused of bribery, until May 16, RAPSI reports from the courtroom.

Last May, the police arrested Golubkov, who had headed the bank since 2008, while he was accepting 5 million rubles ($137,149) 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.

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.