UPDATE: Bank Trust CEO Mikhail Khabarov arrested under fraud case

(Rewrites story)

MOSCOW, Oct 9 (PRIME) -- Moscow’s Presnensky Court has arrested Mikhail Khabarov, CEO of Bank Trust, a non-core assets bank created by Russia’s central bank, until November 30 under a fraud case, according to information obtained by PRIME in the court on Friday.

“The court has ruled to satisfy the investigator’s application and to select arrest as a measure of restriction,” the judge said.

Earlier on Friday, Khabarov’s lawyer Vladimir Slashchyov told PRIME that the law enforcers detained Khabarov following questioning by the Investigative Committee.

Previously, Khabarov’s former business partner Alexander Bogatikov accused the CEO of a 900 million ruble theft. The law enforcers searched Khabarov’s property and he was called in for questioning.

A Bank Trust spokesperson told PRIME that the bank’s management sees the situation as outrageous and expresses support for Khabarov and his family.

(77.9157 rubles – U.S. $1)

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