MOSCOW, September 6 (RAPSI) – Moscow’s Basmanny District Court on Friday arrested ex-CEO of Rolf car dealer Tatiana Lukovetskaya in absentia as part of a case over siphoning 4 billion rubles ($63 million) from Russia, RAPSI reported from the courtroom.

The woman is to be detained for 2 months after her arrest, the ruling reads.

Investigators claim that Sergey Petrov, who was deemed to be the owner of Rolf and Rolf Estate, as well as Cyprus-registered Panabel Ltd., conspired with the top managers of these companies including Lukovetskaya to siphon the money received from the business activities of the car dealer. In order to conceal the scheme, the defendants arranged a false agreement aimed at selling a stock of shares of Rolf Estate by Panabel Ltd. at inflated price of 4 billion rubles, according to investigators.

The money was transferred to the Panabel Ltd. bank account in Austria and later through vehicles controlled by Petrov dissipated.

Petrov said earlier that the raid on his car sales offices in Moscow and St. Petersburg was aimed at seizing control of the business.