Bank of Scotland Employee Detained in $9.6M Fraud
- The Moscow Times
- Apr. 12 2013 00:00
- Last edited 17:46
A Royal Bank of Scotland employee has been detained in Moscow on suspicion of defrauding Russian investors of more than 300 million rubles ($9.6 million), Interfax reported.
Police said there is no connection between the suspect, Vsevolod Glukhovtsev, and his activities at the bank.
Investigators accuse Glukhovtsev of promising to invest the money in construction and real estate in Montenegro but pocketing the money instead.
Glukhovtsev is suspected of beginning to gathering the funds in 2006. At least five people who transferred money to him have complained to the police.
Police said they found proof of fraud after raiding Glukhovtsev's apartment and office at the Royal Bank of Scotland. They also seized a large number of unlicensed firearms and ammunition.
Representatives of the Royal Bank of Scotland were not commenting on the detention.
The police press center said Glukhovtsev is a vice president with the bank. But an unidentified bank official denied that to Interfax. Another Interfax source said the suspect might work in the bank's security service.
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