Russian banker suspected of $120 million embezzlement
MOSCOW, April 19 (RAPSI) – Businessman and majority stockholder of Russia’s Yugra bank Alexey Khotin has been arrested on suspicion of embezzling 7.5 billion rubles (about $120 million) from the financial organization, the Investigative Committee’s press service reports.
Investigators will file a motion with court to impose a restrictive measure of the arrested soon, the statement reads.
Yugra license was revoked in July 2017. At the time it was among Top-30 largest Russian banks.
In October 2018, the bank was declared bankrupt upon the request of the Central Bank.
The bank was founded in 1990. Khotin held 52.5% of the bank’s shares.