Breaking News

Yamana, Agnico Eagle in Pact to Buy Osisko for C$8.15 a Share
Tweet TWEET

VEB Deputy CEO Detained for Alleged Fraud, Kommersant Reports

Anatoly Ballo, deputy chief executive officer of VEB, Russia’s state development bank, was detained March 2 for alleged fraud and then released under 5 million rubles ($170,000) collateral, Kommersant reported, citing sources in the police.

VEB’s press office declined to comment, the Moscow-based newspaper said. VEB spokeswoman Ekaterina Grishkovets declined to comment on the Kommersant story when contacted by Bloomberg News.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.