Moscow City Court upholds Yevtushenkov's house arrest

The Moscow City Court has confirmed the legality of the decision to place head of AFK Sistema Vladimir Yevtushenkov, who has been accused of money laundering, under house arrest.

The Moscow City Court has confirmed the legality of the decision to place head of AFK Sistema Vladimir Yevtushenkov, who has been accused of money laundering, under house arrest.

This ruling was announced at the end of today's court session, an Interfax correspondent has reported.

The has not allowed Yevtushenkov to work at his office and make work-related phone calls.

Investigators and lawyers representing Yevtushenkov had asked the court to permit the businessman to work at his office, receive correspondence and make work-related phone calls because Yevtushenkov heads a major company and "the fates of several thousand people depend" on his decisions.

The court also promised to disclose the reasons behind its decision later.

Read more: Lawyers offer $7.8 million bail for Yevtushenkov>>>

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