Deutsche Bank’s Moscow Office Raided By The Russian Police

Ashot Yegiazaryan


Russian police raided Deutsche Bank’s Moscow office this morning.The raid is a part of a fraud investigation into one of the bank’s clients, businessman and parliamentary deputy Ashot Yegiazaryan, according to the FT.

Russian officials think Yegiazaryan may have taken part in pilfering $87 million from a company that’s helping in construction of Hotel Moskva – a landmark that’s located just off Moscow’s Red Square.

Deutsche isn’t suspected of any wrong doing as far as we know, but Yegiazaryan, who established and 

moskva hotel moscow

Photo: Wikimedia Commons

ran the now-collapsed Moscow National Bank, has been embroiled in the controversy since September last year.

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