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Bank of Moscow ex-chiefs suspected of $29 million embezzlement

MOSCOW, July 03. /ITAR-TASS/. Bank of Moscow former chief executives are suspected of embezzling more than one billion rubles (around $29.1 million), the press center of the Russian Interior Ministry told ITAR-TASS.

“During the investigation of embezzlement of more than one billion rubles from JSC Bank of Moscow, Interior Ministry’s investigation department has exposed officials involved in this crime. Former chief executives of the lending organization - its President Andrei Borodin, First Vice-President Dmitry Akulinin and Vice-President Alexei Sytnikov were named as defendants in massive embezzlement committed by an organized group involving head of a bank department Dmitry Stroganov,” the press center said.