One of Mr Putin's first acts was to move Mr Borodin to a different job.

ECONOMIST: The chaos at the door

In a statement issued in London, Mr Borodin said he was shocked at the size of the bail-out, and claimed that VTB's takeover of the bank was politically motivated.

BBC: Russia rescues Bank of Moscow in record bail-out

In 1887, Alexander Borodin, Russian composer who was also a scientist, died.

CNN: Friday,

Bank of Moscow's former head, Andrei Borodin, has fled the country, and a warrant has been issued for his arrest.

BBC: Russia rescues Bank of Moscow in record bail-out

VTB, for its part, accused Bank of Moscow of committing "fraudulent lending" under Mr Borodin's control, while Russian Finance Minister Alexei Kudrin has called for a criminal investigation.

BBC: Russia rescues Bank of Moscow in record bail-out