Vice President of Russian Kickboxing Federation let out on $14.800 bail
Farigat Kasymov is accused of embezzlement.
Defense lawyers representing Farigat Kasymov, Vice President of the Russian Kickboxing Federation, obtained his release from home arrest on a bail of 1 million rubles ($14.800), TASS reported citing Chelyabinsk Regional Court.
"At present, he is obliged to show up whenever summoned by the prosecutor, investigator or court, never obstruct the proceedings, and commit no other unlawful acts. If he commits a violation, the bail will become state revenue by a court decision," said the spokeswoman of the regional court.
The CrimeRussia reported earlier that Kasymov had been placed under house arrest on August 15 on charges of embezzling over 1 million rubles. According to the investigation, he had received the money from the Sports Training Center of the Chelyabinsk region to finance sports events. No events have been held, however, and some fictitious documents were submitted to the accounts department. Kasymov claims the money had been spent on athletes and is willing to provide all the papers again.