MOSCOW, August 15 - RAPSI. The Interpol General Secretariat has issued a red notice for former Bank of Moscow head Andrei Borodin, stating that he is suspected of committing a grave crime. A red notice means that the organization's member states may undertake any legal measures to detain or arrest the individual in question.

The Interior Ministry's Investigative Department opened a criminal case against Borodin and his deputy Dmitry Akulinin in late 2010. They have been charged with embezzling 12.76 billion rubles ($400.23 million) from the Moscow budget via a loan to the Premier Estate company in 2010. The bank held an additional emission of shares worth 15 billion rubles ($470.49 million) before granting the loan. The shares were purchased by the Moscow City Hall as a major shareholder.

In November 2011, Interpol's Russian office placed Borodin and Akulinin on the international wanted list, as they previously fled the country.

It became known in April 2011 that Borodin had left Russia for London. The Prosecutor General's Office has submitted an inquiry on Borodin's extradition to the UK.