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. Last Updated: 07/27/2016

Bank President, Guard Murdered

The head of a major Russian bank and his bodyguard were murdered by unidentified assailants in an apparent contract killing, Interfax reported Thursday.

Oleg Kantor, 40, chairman of the Yugorsky bank, died overnight in his country house some 20 kilometers from Moscow after having been repeatedly stabbed in the neck, police told the news agency. Near the house police also discovered the body of the banker's bodyguard with numerous gunshot wounds and a cut throat.

Yugorsky bank was founded by several leading oil and natural gas enterprises in Siberia and has fast become one of Russia's largest banks.

Contract killings of businessmen have become increasingly frequent, as Russian mobsters fight to establish control over profitable banks and businesses.