The director of the Oryol regional branch of Rosselkhozbank has been detained on suspicion of illegally transferring a large sum of money abroad. The detention was carried out by officers of the FSB of the Russian Federation, with assistance from the bank’s security service.

A criminal case has been initiated by the FSB Directorate for the Oryol Region, citing abuse of power. The director allegedly instructed subordinates to transfer 2.4 million euros under a fictitious contract to a company registered in Singapore. This action was taken despite knowing about a corporate dispute involving a bank client, Mtsensk Meat Processing Plant LLC, and without proper authorization.

An arbitration court has already ruled the financial transaction unlawful. The damage to Rosselkhozbank is estimated at 167 million 715 thousand rubles, according to the Central Bank of Russia exchange rate at the time of the transfer. The detained director is currently in custody, and investigative actions and operational-search measures are ongoing in the case.