You're reading: Ex-Russian banker shot in London

LONDON - A former Russian banker is in a critical condition after being shot several times near London's financial district, police sources said on March 23.

German Gorbuntsov was entering a block of flats close to Canary Wharf in east London on March 20 evening when a gunman opened fire. His condition was described as critical but stable.

London’s Metropolitan Police said detectives were treating the attack as attempted murder, but no arrests had been made so far. A suspect was seen running away from the incident.

"The shooting is not thought to be gang related or linked to any other incidents," police said in a statement.

The London Evening Standard newspaper said on its website that Gorbuntsov, who used to own banks in Russia and Moldova, had been shot by a man with a submachine gun in a suspected assassination.

He was understood to be under armed police guard in hospital, the paper reported.