MOSCOW, November 21 (RAPSI) – Moscow's Basmanny District Court has extended until February 22 the detention of billionaire Gleb Fetisov, who was charged with embezzling more than 6 billion rubles ($129 million) from a bank he owned, RAPSI reported from the courtroom on Friday.

Last August the Moscow City Court refused to release Fetisov on 555-million-rubles ($12 million) bail.  

Fetisov controlled Moi Bank through FFF Holding B.V. In November 2013, he decided to sell his 90 percent stake in the bank.

The Russian Central Bank revoked the license of Moi Bank last January and reportedly filed a request with the Investigative Committee asking to examine business activities of Fetisov and a number of former managers of the bank.

The request of the Central Bank mentioned loan agreements that Moi Bank had signed over the past three years with apparent dummy companies, as well as potentially irretrievable investments in assets and securities.

Fetisov was arrested on February 28 and placed in detention.