MOSCOW, October 13 (RAPSI) – The Moscow City Court on Tuesday replaced house arrest of ex-owner of Bank Yugra Alexey Khotin charged with embezzling 7.5 billion rubles (about $100 million) from the credit organization with a restraining order, the court’s press service told RAPSI.

The restrictive measure is imposed on Khotin and two other defendants, ex-board chairman of the bank Dmitry Shilyayev abd ex-bank president of Yugra Alexey Nefedov, until January 15.

Investigators believe that banker Khotin and his alleged accomplices have been involved in stealing the funds 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 October 2018, the Moscow Commercial Court declared Yugra bankrupt.