Head of Russian Pension Fund’s Sverdlovsk Region division Sergey Dubinkin was detained on his way to Koltsovo Airport of Yekaterinburg on November 19, 2009. The operation was carried out by the officers of Ural Federal District’s division of the Ministry of Internal Affairs; this was done within the framework of the criminal lawsuit regarding the embezzlement of 955 million RUR belonging to the Pensions Fund from the accounts of Bank VEFK-Ural.

The spokesperson for the law-enforcement agency reports Dubinkin was supposedly going to flee to Moscow. He is now kept in a detention ward.

This head of Russian Pension Fund’s regional division is one of the main suspects in the case. Former Chair of Bank VEFK-Ural’s Supervisory Board Olga Chechushkova had been arrested some time earlier.

As it happens, the assets of Bank VEFK-Ural will soon be sold by auction. The bank was declared bankrupt by Sverdlovsk Region Arbitration Court on March 27, 2009.