The Kyiv Pechersky District Court has approved the arrest of former National Bank of Ukraine Chairman Ihor Sorkin, who is sought by Ukrainian law-enforcement agencies on suspicion of embezzlement.

The corresponding court ruling was recorded in the State Court Rulings Register on March 1.

The decision was made by the investigating judge at the request of the senior investigator for particularly important cases of the Prosecutor General's Office of Ukraine, which is investigating criminal proceedings against the former National Bank head.

"Elect a restrictive measure in the form of detention," reads the court ruling.

Sorkin is suspected of a criminal offense under Part 5 of Article 191 and Part 1 of Article 255 of the Criminal Code of Ukraine.