Paris, 29 June, 2012 – Today was released Court decision made in Nice on 19 June 2012. The prominent Russian Businessman, Vitaly ARKHANGELSKY, 37, has obtained a very important decision in his favor from the High Court of Nice (France). Thanks to this decision, he is now a step nearer to the proof of the 750 million € fraud of which he has been the victim in 2009, orchestrated by the Bank of St. Petersburg and some high profile authorities of the St. Petersburg Region. Recently, the Court of Appeal of Aix en Provence refused for the second time to extradite the businessman considering he would not be granted a fair trial in Russia and is under a risk of inhumane treatment (i.e. torture) if he is extradited.
According to this decision, Bank of St. Petersburg’s managing staff as well as authorities that have presented forged and fraudulent documents to the Court must now be investigated by a French Criminal Investigating Judge and cannot obtain enforcement of Judgments obtained against Arkhangelsky in Russia until the Criminal Investigation has come to an end.