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Abuse of power charges against former Bank of Moscow president withdrawn

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16:43 04/10/2011

MOSCOW, October 4 - RAPSI. Investigators have freed former Bank of Moscow president Andrey Borodin from the abuse of power charges. Meanwhile, Mr. Borodin has been charged with fraud, lawyer Mikhail Dolomanov told the Russian Legal Information Agency (RAPSI).

"The investigation allowed me to study a decree on the new charges brought against Mr. Borodin. Investigators withdrew the abuse of power charges earlier brought against him, but they have charged him with fraud," the lawyer said. "Investigators claim he stole money from the Bank of Moscow through a loan granted to Premier Estate."

Dolomanov added that the investigator's decree contain no charges for any other offences.

The Interior Ministry's investigative department opened a criminal case against former Bank of Moscow President Andrey Borodin and his deputy Dmitry Akulinin in late 2010. Borodin and Akulinin were charged with embezzling 12.76 billion rubles ($406 million) from the Moscow budget through a loan to Premier Estate company in 2010.

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Abuse of power charges against former Bank of Moscow president withdrawn

16:43 04/10/2011 Investigators have freed former Bank of Moscow president Andrey Borodin from the abuse of power charges. Meanwhile, Mr. Borodin has been charged with fraud.
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