Moscow court to start hearing case against ex-president of MAST-Bank on May 14
MOSCOW, May 4 (RAPSI) – The Preobrazhensky District Court of Moscow will commence hearing of a criminal case against former president of now insolvent MAST-Bank Yury Pirogov and two other ex-managers of the bank charged with embezzlement of 5.6 billion rubles ($88.3 million) on May 14, the court’s press service has told RAPSI.
Investigators believe that in 2013-2015 the defendants embezzled funds by giving out non-performing credits to companies under their control and then transferred money further to other organizations.
Earlier, the court sentenced former top manager of the bank Alexander Chemetov to 4.5 years in a penal colony. Chemetov admitted his guilt in full.