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. Last Updated: 07/27/2016

Bank Head Arrested

MINSK, Belarus -- Belarussian President Alexander Lukashenko dismissed the national bank chairwoman Tuesday and police promptly arrested her.

Tamara Vinnikova, the head of the Belarussian Central Bank, inflicted "gross economic damage on the state," the national radio quoted the prosecutor's office as saying.

Officials at the prosecutor's office refused to elaborate or comment on the charges. Interfax said the authorities suspect Vinnikova of having been involved in "financial machinations" while heading a commercial bank before her appointment to head the national bank in September 1995.

competition, whether they changed the environment."

The committee said in a statement there was a tendency among commercial structures to conceal mutual ties of property and management.

It said the issue concerned informal FIGs built on partnerships and listed groups led by Alfa Bank, Bank Menatep and Bank Rossiisky Kredit.

Rossiisky Kredit said the committee had been in contact with it earlier this year but had no claims against it. Alfa Bank and Bank Menatep said they would comment Tuesday.

Bochin said the investigations dealt with the oil, mining, food-processing, trade and television sectors but refused to give any more details before the investigation was complete.

The committee said in a statement that if it found any threat to competition it would try to declare the deals invalid through the courts.

Menatep won the right to manage a 45 percent stake in the Yukos oil company in last year's loans-for-shares deal. Neither Alfa Bank nor Rossiisky Kredit won any auctions, despite making bids.