MOSCOW, June 18 (Reuters) – Russian prosecutors have opened
a criminal case against a former deputy governor of the central
bank on suspicion of misappropriation and embezzlement, court
files showed on Friday.

A Moscow court ordered Konstantin Korischenko, a former
senior executive at Investbank, to be held in custody for two
months. He could face up to 10 years in jail as well as a fine
of up to 1 million roubles ($13,800) if convicted.

Reuters could not immediately reach Korischenko or his
lawyers for comment. The central bank’s press office declined to

Korischenko worked at the central bank from 2002 to 2008. He
later became the head of the MICEX exchange, the predecessor of
the Moscow Exchange. He became the head of mid-sized lender
Investbank in 2012.

The central bank cancelled Investbank’s licence in 2013,
citing mounting payment problems and dubious operations, during
its wide-scale purge of the banking sector led by then
newly-appointed Governor Elvira Nabiullina.

The Russian presidential academy of national economy and
public administration, where Korischenko is the head of capital
markets and financial engineering department, said the criminal
case against him was not related to his work at the academy.

TASS and RBC new agencies cited sources as saying
Korischenko’s office and home had been searched on Friday.
($1 = 72.3000 roubles)
(Reporting by Tatiana Voronova and Elena Fabrichnaya; Writing
by Andrey Ostroukh
Editing by Gareth Jones)