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Fugitive Kazakh Banker Detained In Moscow

Murat Zhumanbay
Murat Zhumanbay
ASTANA -- The former chairman of Kazakhstan's once influential Nauryz Bank has been detained in Moscow, RFE/RL's Kazakh Service reports.

Murat Zhumanbay, a spokesman for Kazakhstan's Financial Police, said today in Astana that Kazakh and Russian officials are discussing Orazaly Erzhanov's possible extradition. He was arrested earlier this week.

Kazakhstan issued an international warrant for Erzhanov's arrest five years ago. He is officially accused of organizing a criminal group that stole some $30 million.

The Nauryz Bank's operations were officially suspended in November 2004. Its liquidation is not yet complete. Several senior managers of the bank were jailed in 2005 on charges of corruption and theft of funds.