Two ex-top managers of Otkritie Bank appeal against recovery of $2 mln
MOSCOW, June 7 (RAPSI) – Ex-top managers of the Financial Corporation Otkritie Anton Sbytov and Maxim Yanpolsky have filed appeals against an order on recovery of 115 million rubles (about $2 million) from them with the Ninth Commercial Court of Appeals, according to court records.
On April 18, the Moscow Commercial Court invalidated deals on 60-million-ruble and 55-million-ruble payments to Sbytov and Yanpolsky respectively and ordered them to pay the sums back.
In August 2018, the bank lodged several claims against nine ex-managers including the former senior vice-president of Otkritie Nikolay Yarovoy, ex-board members Yelena Budnik and Tatyana Serebrennikova. The bank sought to invalidate certain deals and recover the money from the defendants.
The court has already dismissed the bank’s demand to collect 40 million rubles (over $600,000) from the former top manager of Otkritie Constantine Chigirev and 32.6 million rubles from Budnik.
On August 29, 2017, the Central Bank of Russia imposed temporary administration in Otkritie Bank. However, it was reported that the bank would continue work in the ordinary course.
Otkritie Bank was founded in December 1992. It is one of Russia’s top major banks and is a systemically important institution. Otkritie Bank has 364 offices, located in 55 constituent entities of Russia, according to the financial organization’s website.