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Russian billionaire Gleb Fetisov turns to ECHR over detention conditions

13:38 22/05/2015

MOSCOW, May 22 (RAPSI) - Russian billionaire Gleb Fetisov, who stands charged with embezzling more than 6 billion rubles (over $121 million) from a bank he owned, filed a complaint with the European Court for Human Rights (ECHR) over his detention conditions, RIA Novosti reported on Friday, citing Fetisov’s lawyer, Karinna Moskalenko.

Moskalenko claims that the conditions at the detention facility combined with Fetisov’s health problems are inhuman and violate the European Convention on Human Rights. She said her client’s chronic disease is serious and that it is not being treated. 

Fetisov’s defense lawyer requested that the Strasbourg court consider that Fetisov has been held under inappropriate conditions for over a year because the court has delayed his trial. Moskalenko is requesting the ECHR give priority to Fetisov’s complaint. Currently the banker is being held until August 22.

In February 2014, one of Russia’s wealthiest people, Gleb Fetisov ($1.2 billion according to Forbes) was arrested in a Moy Bank asset embezzlement case. Allegedly, he took the assets he previously owned and breached the bank’s obligations to depositors for approximately 6.5 billion rubles ($130 million).

The Central Bank claimed that Moy Bank failed to honor its credit obligations and revoked its license in January 2014. The Central Bank also filed a request with the Investigative Committee to audit Fetisov’s business activities and those of a number of former managers at the bank.

The Central Bank request mentioned loan agreements that Moy Bank had signed over the past three years with apparent dummy companies, as well as potentially irretrievable investments in assets and securities.

Fetisov, who pleaded not guilty, has paid the Deposit Insurance Agency over 14 billion rubles ($280.5 million). He claims this is enough to repay the debts to the bank’s clients.

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Russian billionaire Gleb Fetisov turns to ECHR over detention conditions

13:38 22/05/2015 Russian billionaire Gleb Fetisov, who stands charged with embezzling more than 6 billion rubles (over $121 million) from a bank he owned, filed a complaint with the European Court for Human Rights (ECHR) over his detention conditions.
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