Kabardino-Balkarian ex-Minister of Finance arrested upon case of illegal loan issues for $2m
Zaur Likhov became a figurant upon the case of abuse of authority.
In Kabardino-Balkaria, a criminal case was initiated on the illegal issuance of loans worth 123.4 million rubles ($2m). A total of about 20 loans were issued. In the case, the former director of a branch of one of the banking institutions and his deputy were arrested. Investigation unit of the FSB in the Kabardino-Balkaria opened a criminal case on suspicion of Abuse of Authority (part 2 of Article 201 of the Criminal Code of the Russian Federation). The FSB does not disclose the names of the suspects.
As reported by RIA Novosti referring to a source in the law enforcement agencies of the region, one of the detainees is ex-Finance Minister of the Kabardino-Balkaria Zaur Likhov, who previously worked as a director of the Rosselkhozbank branch.
In July 2017, Likhov was dismissed from office, where he worked since May 2015.