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Russian EBRD Officials Target Of Graft Probe

British police are investigating corruption allegations against four Russian employees of the European Bank for Reconstruction and Development (EBRD), including Moscow's representative to the bank's board.

Russia's Economy Ministry said it had dismissed Yelena Kotova from her position as Russian director on the board after an EBRD investigation of claims that she and three others violated the bank's code of conduct.

The EBRD lifted immunity for the four Russians to allow probes by British police and Russian authorities.

A spokesman for police in the City of London, where the EBRD is headquartered, confirmed it was working with the EBRD to investigate allegations of corruption.

compiled from agency reports