Police search BTA-Bank offices
MOSCOW. March 18 (Interfax) - Law enforcement officers are searching the BTA-Bank offices as part of a new criminal case over embezzlements, a spokesperson the Russian Interior Ministry Investigative Committee told Interfax.
"The second criminal case has been launched over embezzlements at BTA-Bank. Searches are being carried out at the offices of this credit institution," the spokesperson said.
Four persons have been held in the criminal case, and Moscow's Tverskoy court is currently considering ordering their 10-day arrest, the spokesperson said.
Meanwhile, according to Interfax, there are nine suspects in the case, who are charged with fraud, "causing material damage," "legalization of property and the use of forged documents."
The detained persons are suspected of embezzlement which cost BTA-Bank $1.5 billion.