Criminal case on embezzlement at Russian Admiralteysky bank forwarded to court
MOSCOW, November 17 (RAPSI, Oleg Sivozhelezov) – A criminal case against Musa Israilov who stands charged with illegal banking activity and large scale embezzlement from Russia’s Admiralteysky bank, has been sent to the Khamovnichesky District Court of Moscow, the Prosecutor General’s Office announced on Thursday.
Deputy Prosecutor General Viktor Grin has approved an indictment in the case, the statement reads.
According to investigation, the defendant conspiring with the bank top managers conducted illegal banking transactions. From July 2011 to September 2015, alleged accomplices cashed over 23 billion rubles. The criminal group members drew illegal commission income amounting to 545 million rubles, the statement says.
Investigators believe that the case defendants conducted illegal bank operations using accounts of dummy companies controlled by them and opened in Admiralteysky bank.
Russia’s Prosecutor General’s Office also reports that Israilov has assisted the bank top managers in embezzling bank funds worth 210 million rubles.
A case against managers of Admiralteysky bank has been singled out for considering in a separate procedure. Investigation is underway.
Admiralteysky bank was declared bankrupt on February 1 upon the application of the Central Bank of Russia.
Business media reported in March that the Interior Ministry’s Investigative Department put ex- chair of the bank’s board Nina Maximenko on the international wanted list. Law enforcement authorities believe that she took part in illegal cashing in of money through her bank.
According to the Central Bank, Admiralteysky bank ranked 274th among Russian banks in asset value, as of September 1, 2015.