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Monaco authorities have detained the former Chairman of the Board of a Russian bank on an Interpol warrant, according to Tass, the official Russian news agency.
Vladimir Gudkov is suspected of being complicit in embezzling at least 500 million roubles, about €7.24 million, along with other senior office holders at Investtorgbank, according to respected business paper Kommersant, although Moscow’s Ministry of Internal affairs has not confirmed the name.
The alleged fraud involved the purchase and sale of mortgages between the bank and a brokerage company. Russian investigators claim that no real business was carried out by the brokerage. The case has been active since 2016. After the arrest of other suspects, Gudkov disappeared and was put on the Interpol list.
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