The owner of the Serbian bank Alta was arrested, after its closure the Russian emigrants were left without access to their money. The credit institution's license was revoked just a few days ago, Baza writes. The businessman Davor Matsoura was arrested after extensive searches that lasted more than 30 hours. The reasons for the arrest have not yet been revealed, local media reported. Alta Banka was one of the most popular banks among the Russians who moved to Serbia. It was used to open personal and business accounts, receive bank cards and store savings. After the license was revoked, transactions and card transfers were suspended, which is why customers can't manage their money. The National Bank of Serbia explained the denial of the license by a sharp deterioration in Alta's financial situation. The State Deposit Insurance Agency will handle the return of the funds. The guaranteed compensation amount is up to 50 thousand euros per depositor.