BTA Deputy Chief Varenko Denies Rumored Arrest, Continues Work c.2011 Bloomberg News

Sept. 26 (Bloomberg) -- Nikolai Varenko, the first deputy chief executive officer of BTA Bank, refuted rumors of his arrest and denied fleeing Kazakhstan, according to a video interview published on the lender’s website today.

Varenko, who oversees recovery of assets for the country’s biggest bank before its nationalization two years ago, said his schedule is unchanged as he continues working for the Almaty- based lender, according to the interview.

To contact the reporter on this story: Nariman Gizitdinov in Almaty at ngizitdinovbloomberg.net

To contact the editor responsible for this story: Paul Abelsky at pabelskybloomberg.net