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Moscow police swoop on Baturina empire

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Moscow police swoop on Baturina empire

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Police have raided offices at the Bank of Moscow, and Inteko, a property developer owned by the wife of former Moscow mayor Yuri Luzhkov.

They are probing suspected embezzlement linked to a 323 million euro loan. The homes of the bank’s directors were also raided. Yelena Baturina became Russia’s richest woman, building a multi-billion euro business empire while her husband ran the capital.