MOSCOW, April 14 (RAPSI) – The Moscow City Court on Tuesday extended house arrest of the majority stockholder of Yugra bank Alexey Khotin charged with embezzling 7.5 billion rubles from the credit organization until July 18, the court’s press service told RAPSI.

Other defendants in the embezzlement case, ex-bank board chairman Dmitry Shilyayev and ex-president of the bank Alexey Nefedov, will also stay under house arrest until mid-June.

Investigators believe that banker Khotin and his alleged accomplices have been involved in stealing the money from Yugra. The fact of the embezzlement is confirmed by the documents of Russia’s Central Bank, Deposit Insurance Agency and other evidence, according to the investigation.

In July 2017, Russia's Central Bank said withdrew the license of Yugra bank, one of the top 30 banks. It imposed temporary administration represented by the Deposit Insurance Agency (DIA) in the bank. The DIA was ordered to conduct Yugra’s status inquiry.

In October 2018, the Moscow Commercial Court declared Yugra bankrupt.