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Pretrial Detention Prolonged For Head Of Kyrgyz Gold Firm

The pretrial detention has been prolonged for the head of Kyrgyzstan's state-owned gold producer, who is accused of financial fraud.

Kyrgyzstan's Supreme Court said on July 8 that Dilger Japarov would remain in pretrial detention until July 28.

Japarov, head of the firm Kyrgyzaltyn, was arrested on May 28 on charges of illegally transferring $200 million of company funds into the bank accounts of the Canadian firm Centerra Gold.

Centerra Gold owns and operates the Kumtor gold mine in northwestern Kyrgyzstan through its subsidiary, the Kumtor Gold Company.

The Kyrgyz government owns 33 percent of the Kumtor Gold Company through Kyrgyzaltyn.

Japarov says the money he transferred to Centerra Gold in December represented dividends Centerra had earned from its shares in the Kumtor Gold Company.

Kyrgyz authorities say the transfer required prior government approval.