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. Last Updated: 07/27/2016

Police Release Kivelidi Suspect

A businessman detained by the Moscow police under suspicion of involvement in the death of the prominent banker Ivan Kivelidi has been released without charge after spending one month in jail, Yury Sinelshikov, first deputy of the Moscow prosecutor said Monday.

Vladimir Khutsishvili, deputy director of Roseksportles, a state company in charge of timber export, and a close business partner and friend of Kivelidi, was detained Oct. 31 under a decree on organized crime that allows the police to hold suspects for 30 days before bringing any formal charges.

"The term of his detention ran out, and we had to let him go," Sinelshikov said. "The investigation continues, but we have fewer leads now."

Kivelidi, president of Rozbiznesbank and founder of the Russian Business Roundtable, died Aug. 4 after an apparent poisoning by a phosphorous substance.

Roundtable spokesman Igor Khazanov said Monday the investigation of had been dragging on for long enough to be put in line with other unsolved murders. "The chances of Kivelidi's case being solved are zero," he said.