A managing director of investment banking at Credit Suisse has been released from a Romanian prison where he was held in connection with an ongoing probe into commercial espionage.

Vadim Benyatov, Credit's Suisse's managing director for central and eastern Europe, and Stamen Stancev, a consultant working for Credit Suisse, were released from prison but were ordered to remain in Romania while prosecutors investigate their role in the sale of state assets. Dorinel Mucea, the deputy head of the Romanian agency in charge of energy industry asset-sales, and Mihai Donciu, a Romanian Communications Ministry adviser, were also allowed to leave prison.