MOSCOW, June 5 (RAPSI) – Moscow’s Khoroshevsky District Court on Friday issued an arrest warrant for the founder of well-known brands Dovgan and Smak Herman Lillevyali in absenta on fraud allegations, RAPSI learnt from the court’s press service.

The businessman is to be placed in detention for 2 months after his extradition or arrest in Russia. Earlier, he was put on the international wanted list.

Lillevyali is charged with large-scale fraud. The case details have not been disclosed yet.

In 1995, the businessman founded Licomp Holding engaged in the development of such trademarks as Dovgan and Smak as well as in financial and banking business. In 2005, he established the Capital Financial Group investment company and personally headed it from 2005 to 2010. In 2013, he joined his assets within GL Financial Group specialized in market neutral strategies including statistical arbitrage.