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Russia Arrest Said to Be Linked to Deutsche Bank Trading Probe

  • Ex-Promsberbank shareholder Alexei Kulikov suspected of fraud
  • Deutsche Bank facing investigations over $10 billion in trades

A former shareholder of Promsberbank, a Russian lender whose license was revoked last year, was arrested in Moscow earlier this month as regulators probe trades handled by Deutsche Bank AG that may have been used to launder money, according to two people with knowledge of the investigation.

Alexei Kulikov was detained on March 3 for two months at the request of the Interior Ministry under suspicion of large-scale fraud, said Anastasia Dzyurko, a spokeswoman for Moscow’s regional Tverskoy court, declining to comment on the details of the case. His arrest is linked to transactions that involved the German lender, said the people, who asked not to be identified because they’re not authorized to speak with journalists.