The ex-owner of Ugra Bank Khotin was sent under house arrest in the case of embezzlement
The Basmanny District Court of Moscow placed under house arrest until June 18 the former owner of the Yugra bank, Alexei Khotin, who was detained in the case of embezzlement, the press secretary of the court, Yunona Tsareva, told Novaya Gazeta. Khotin and 18 other persons were suspected of violating Part 4 of Art. 160 of the Criminal Code (appropriation and embezzlement). According to investigators, the suspects stole 7.5 billion rubles from Yugra Bank.