Oktyabrskiy Court of Yekaterinburg agreed on the preventive punishment for UralTransBank JSC Valeriy Zavodov, detained on March 1, 2006, a day later, reports the court representative.

The Court decided that while his criminal lawsuit is being processed, Mr Zavodov had to give a written undertaking not to leave the city. The Chairman has been charged with subornation (Clause 204 (Part 3) of Russian Criminal Code).

As previously reported by UrBC, the officers of Oktyabrskiy Internal Affairs Administration investigative force withdrew the documents of UralTransBank JSC on February 14, 2006. This was done following the official claim of A. L. Kasyanov. The charge consists in alleging that someone from the bank’s management had received an illicit payment for favorable loan conditions.