12 Mar 2012 15:33

Vnesheconombank Deputy CEO charged with fraud

MOSCOW. March 12 (Interfax) - Vnesheconombank Deputy CEO Anatoly Ballo has been charged with fraud, the Russian Interior Ministry's Moscow City Department told Interfax.

"Ballo and his accomplices embezzled $14 million (equivalent to 349,809,600 rubles) on September 24, 2008. That was a part of the loan Vnesheconombank granted to the Evraziyskiy Company for acquiring a 100% stake in the authorized capital of Yugvodokanal," it said.