MOSCOW, April 6 (RAPSI) – Moscow’s Presnensky District Court has ordered the detention of PPF Master construction company’s chair Vasily Smirnov, who stands charged with embezzlement of over 70 million rubles (about $1.3 million), the court’s spokesperson Anastasia Pylina told RAPSI on Thursday.

The businessman has been put in jail until May 2.

Reportedly, Smirnov has been arrested as part of case over stealing 70 million rubles allocated for reconstruction of Rehabilitation center of the Facilities and Property Management Office under the Russian President.

PPF Master company was founded in 1990. The firm was engaged among others in reconstruction of the Russian Constitutional Court’s building and engineering system and the Foreign Ministry’s outbuilding; survey and design work as well as reconstruction of the State Duma facilities; design works and reconstruction of the Federal Antimonopoly Service’s building, the company’s website reads.