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Prince Edward Island > Business

Russian court puts ex-shareholder of Yugra Bank under house arrest

Reuters | Posted: April 19, 2019, 4:07 a.m. | Updated: April 19, 2019, 3:01 p.m. | 1 Min Read

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MOSCOW (Reuters) - A Russian court said on Friday it had ruled that a former shareholder of Yugra Bank should be held under house arrest until June 18.

Alexei Khotin was detained earlier on Friday on suspicion of embezzling 7.5 billion rubles ($117 million) from Yugra Bank, whose license was withdrawn by the Russian Central Bank in 2017.

(Reporting by Maria Tsvetkova; Editing by Gareth Jones)

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