South Korea expects North to hold new nuclear test by end of MarchWorld March 24, 7:20
Russian-US experiment to simulate outer space mission named SIRIUSScience & Space March 24, 6:20
ZA Sport becomes Russia’s official Olympic kit brandSport March 24, 4:28
Police searching for another suspect in Russia’s ex-MP murder in KievWorld March 24, 2:45
Fourth victim of London attack dies in hospital — policeWorld March 24, 2:42
Ammo depot fire in Ukraine no threat to EU gas transit — companyWorld March 24, 2:40
Putin pleased with acting at Moscow's Maly drama theaterSociety & Culture March 23, 23:35
Former Russian MP killed in Kiev, killer dies in hospitalWorld March 23, 23:32
Russian philanthropists get highest French award for thier art donationSociety & Culture March 23, 23:26
A court panel has rejected Borodin’s appeal and upheld the ruling of the court of the first instance, the head of the court press service Ulyana Solopova said.
Earlier, Moscow’s Tverskoy district court ruled to arrest Borodin in absentia.
The chief banker and other top managers of the bank are suspected of embezzlement of more than one billion rubles ($25 million).
In 2008, when he was president of Bank of Moscow, Borodin formed an organized group of bank managers who embezzled funds during the period from 2008 to 2010 through false contracts for buying and selling foreign currency, investigators said. At present, the suspects reside in Great Britain.