A Russian court has delayed until September 25 a ruling on an appeal by billionaire tycoon Vladimir Yevtushenkov, who is under house arrest on money-laundering charges.
The court said on September 24 that Yevtushenkov's representatives had offered to pay 300 million rubles (nearly $8 million) in bail for his release.
Judge Yury Pasyunin said proceedings had been adjourned to enable additional documents to be considered.
Yevtushenkov, 65, is the main shareholder of Moscow-based AFK Sistema investment group.
He was arrested and charged on September 16 with money laundering in a deal to acquire a regional oil company five years ago.
Yevtushenkov denies the allegation.
Yevtushenkov's arrest sent shock waves through Russia's business community, drawing comparisons to the arrest of tycoon Mikhail Khodorkovsky in 2003.
