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Investigation of former Bank of Moscow president extended until January 10

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17:08 07/10/2011

MOSCOW, October 7 - RAPSI. Investigators have extended until January 10 their investigation into the case of former Bank of Moscow President Andrei Borodin and his deputy Dmitry Akulinin, the Investigative Committee told RIA Novosti on Friday.

Borodin and Akulinin are alleged to have defrauded the Moscow government of 12.76 billion rubles ($456 million) through a loan issued by the bank to the Premier Estate company. Their case was opened in late 2010 on charges of abuse of office punishable by up to four years in prison.

The Moscow City Court issued in absentia arrest warrants for Borodin and Akulinin. According to Borodin's attorney Mikhail Dolomanov, investigators have freed Borodin from the abuse of power charges, but charged him with fraud.

Investigators maintain that Borodin, Akulinin and their unidentified accomplices have inflicted 12.5 billion ruble ($385 million) in damages to their bank.
Both suspects are on the international wanted list. Borodins attorneys stated earlier that he is in London and his poor condition prevents him from returning to Russia.

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Investigation of former Bank of Moscow president extended until January 10

17:08 07/10/2011 Investigators have extended until January 10 their investigation into the case of former Bank of Moscow President Andrei Borodin and his deputy Dmitry Akulinin.
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