According to the Leninsky District Court, the head of Piggy Bank, Elena Witter will remain behind bars until February 16; this came after the court rejected a request to place her on house arrest or grant her bail. It should be recalled that over 800 people became victims of the company inability to pay them back after they invested for 5 years, with the promised of receiving a high return on the money. Elena was charged with money laundering of up to 250 million rubles as it was believed that she instructed her subordinate to buy jewellery with the depositors’ funds.
