PRESS: Russia arrests Master-Bank top executive in absentia

MOSCOW, Apr 13 (PRIME) -- Moscow police have submitted a request to arrest Boris Bulochnik, former chairman of Master-Bank’s management board, in absentia for deliberate bankruptcy of the bank, business daily Kommersant reported Wednesday.

The central bank revoked a banking license of Master-Bank in November 2013. The Moscow Arbitration Court later declared the bank bankrupt and appointed the Deposit Insurance Agency (DIA) a bankruptcy supervisor. In May 2015, Moscow police opened a case against Master-Bank’s former top executives on suspicion of deliberate bankruptcy.

“An investigator…has filed a request on an arrest in absentia of Boris Bulochnik to Moscow’s Tverskoy District Court…The representative of the investigative committee submitted proofs that Bulochnik does not attend investigative actions and is also hiding from the investigation outside Russia,” the business daily said.

Bulochnik is now living abroad and has been put on international wanted list, Kommersant said.

(66.3456 rubles – U.S. $1)

End