MOSCOW, June 25 (RIA Novosti) – Russian investigators have pressed a new fraud charge against the vice-president and head of security of the Russian subsidiary of a foreign bank who has already been accused of large-scale theft, the Interior Ministry said on Tuesday.
Vsevolod Glukhovtsev, vice-president at the Russian subsidiary of the Royal Bank of Scotland, was arrested in April on suspicion of stealing some 300 million rubles ($9.75 million).
Investigators have now established that in early 2006, Glukhovtsev received 600,000 euros and $450,000 from a Russian citizen to acquire a house and build a medical center in Montenegro.
“However, the suspect did not fulfil his obligations and used the money at his own discretion,” the ministry said in a statement.
The police said in April that Glukhovtsev had successfully tricked investors into sinking cash into fictional real estate and construction assets in Montenegro.
His victims are believed to have paid money to accounts belonging to Montenegrin firms controlled by him, from which he embezzled funds. His "clients" received fake reports that they owned businesses or property outside Russia, investigators said previously.
According to the police, his investors never received any dividends, while the assets that they thought they owned were nonexistent or held by third parties. The police said in April they had found at least six victims of his deception.
