Russian investigators have asked a court to sanction the arrest of lawmaker Ashot Yegiazaryan on large-scale fraud charges, the spokesman for Russia's Investigative Committee said on Monday.
The court has already impounded a building in downtown Moscow belonging to Yegiazaryan at the request of investigators, spokesman Vladimir Markin said.
Yegiazaryan, a member of the Liberal Democratic Party (LDPR), is accused of embezzling more than 500 million rubles ($16.2 million) from a former acquaintance for the construction of a trade center in Moscow and the renovation of the Moskva Hotel adjacent to Red Square.
Investigators say Yegiazaryan proposed Mikhail Ananyev in 2003 to invest in the facilities in exchange for stakes in them.
He is also believed to have fraudulently acquired the right to 20 percent of shares worth over 1.5 billion rubles ($48.7 million) in a joint stock company that runs a Moscow trade and recreation complex.
In November 2010, the lower house of the Russian parliament stripped Yegiazaryan of his immunity following a request by Russian Prosecutor General Yury Chaika. It was only the fourth time a lawmaker has been stripped of immunity since the collapse of the Soviet Union.
MOSCOW, January 31 (RIA Novosti)