You're reading: Yanukovych dismisses Volha as head of financial service markets regulator

Ukrainian President Viktor Yanukovych has dismissed Vasyl Volha from the post of the head of the state commission for financial service markets regulation.

A relevant decree was signed and published on the Web site of the head of state on July 25.

The official was dismissed due to a violation of an oath of civil servant.

Volha was detained on July 19. Pechersky District Court in Kyiv ruled to place him in custody for two months as a pre-trial restriction measure.

According to Acting Ukrainian Prosecutor General Renat Kuzmin, the head of the state commission for the regulation of financial services markets is suspected of accepting a $500,000 bribe.

Volha was appointed the head of the state commission for the regulation of financial services markets on Match 22, 2010.

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