MOSCOW, November 20 (RAPSI) – An advisor for chairman of board of directors of bankrupt Russian bank Strategia has been arrested in Hungary, according to information published on the website of Prosecutor General’s Office.

A question of his extradition to Russia is being considered now, the statement reads.

Investigators believe that the advisor of the bank’s chairman of board of directors and a chair of the credit committee embezzled 10 billion rubles (over $156 million at the current exchange rate) under the guise of issuing knowingly unreturnable loans to organizations under their control, which failed to implement the real financial and economic activity.

On Wednesday, prosecutors approved indictment against the former credit committee chair. His case is to be considered by Moscow’s Khamovnichesky District Court.

The bank’s license was revoked in July 2016. Three months later, Strategia was declared bankrupt.