Bank of Moscow former executives suspected in embezzlement of RUB 1 bn

Former executives of the Bank of Moscow are suspected in the embezzlement of RUB 1 billion, the Russian daily Rossiyskaya Gazeta wrote July 3.

“Former executives of the credit institution, namely its president Andrey B., first vice-president, Dmitry A., and vice-president, Alexey S., were charged with embezzlement on a large scale, committed by an organized group with the complicity of the chief of a department, Dmitry S.,” according to the information provided by the Investigative Department of the Russian Interior Ministry.

Previously, the department has opened a criminal case against Andrey B. and Dmitry S. on the legalization of money received from laundering, the paper wrote.