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Russian banker suspected of $120 million embezzlement

12:19 19/04/2019

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Yugra license was revoked in July 2017.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. 


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Russian banker suspected of $120 million embezzlement

12:19 19/04/2019 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.
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