The Ukrainian Interior Ministry has confirmed the detention of banker Borys Tymonkin in Germany.

"On Sunday, Tymonkin was arrested. Today, the German court has decided on his pre-extradition arrest," director of the communications department of the Interior Ministry Artem Shevchenko told Interfax-Ukraine on Tuesday.

The Interior Minister informed the Prosecutor General's Office about this and the latter is preparing a request for Tymonkin's extradition to Ukraine.

Ukraine's Prosecutor General's Office put Tymonkin on the international wanted list on May 16, 2014. He is suspected of having committed a criminal offense under Part 1 of Article 255 of the Criminal Code of Ukraine – the participation in a criminal organization led by VETEK Group founder Serhiy Kurchenko.

Tymonkin is a former deputy chairman of the VETEK supervisory board, who oversaw the financial activities of the group. In 2001-2013 he was the chairman of the board of Ukrsotsbank, in 1994-2001 the deputy chairman of the board of the FIUB bank.