MOSCOW, October 8 (RAPSI) – President and co-owner of Compulink, one of Russia’s largest group of IT companies, Mikhail Lyashch has been charged with embezzlement, RAPSI correspondent reports from the Moscow City Court. 

On Monday, the court began considering defense appeals against a recent order of Moscow’s Tverskoy District Court to put the businessman in detention. The next hearing is scheduled for October 10.   

The defendant has asked the court to change his detention for house arrest. 

Lyashch was arrested on September 21 on suspicion of large-scale embezzlement. Following his arrest, Compulink released a statement saying that law enforcement authorities got interested in personal investment of Lyashch in the IT industry’s projects, specifically, putting up of about 90 million rubles ($1.4 million) in the Internet telephony developer Simbiotel.

 The amount of embezzlement has not been disclosed.

The Compulink group of companies provides a full range of IT and consulting services. It is one of Russia’s largest company specializing in managing integrated projects in construction of communication networks, industrial and civil purpose facilities involving use of innovative construction monitoring process, according to the company’s website.