MOSCOW, February 6 (RAPSI) – The Moscow City Court on Wednesday released ex-CEO of Russian company producer of Five Lakes (Pyat Ozer) vodka brand Igor Savelyev, who stands charged with embezzlement, and placed him under house arrest, the court’s press service told RAPSI.

Savelyev has allegedly embezzled over 200 million rubles ($3 million). Ex-CEO of Alcohol Siberian Group will remain under house arrest until March 16.

Alcohol Siberian Group is one of the major distilled spirits manufacturers. Annual branded production volume in 2017 was equal to 5.31 mln dal, the company’s official website reads.