MOSCOW, May 11 (RAPSI) – The Moscow Commercial Court will examine a claim lodged by Trust Bank, currently undergoing rehabilitation procedures, requesting to recover 5.6 billion rubles (about $85 million) from Edenbury trading limited (Bermuda), a court representative told RAPSI on Wednesday.
This is not the first claim Trust Bank has filed against various offshore firms. Yet on April 27, the Ninth Commercial Court of Appeals confirmed the recovery of over 2 billion rubles ($29 million) from Cyprus-based Siberiankd Timber Enterprises Limited as requested in a claim put forward by Trust Bank. Besides, on May 30 a court of appeals will examine a complaint submitted by a Cypriot frim TIB Investments Limited against a court ruling ordering it to pay 1,996 billion rubles (about $30.5 mln) in favor of the bank.
Altogether, for the first half of 2015, Trust bank filed about 20 lawsuits against companies registered in the offshore jurisdictions worth over 32 billion rubles ($464.5 mln) and over $94 million. Business media outlets reported that some of these companies were associated with the former owners of the bank.
In late December 2014, the Central Bank of Russia decided to reorganize Trust Bank, which at that time was on the list of the top 30 Russian banks, placing it under the temporary supervision of the Deposit Insurance Agency. FC Otkritie Bank, part of Otkritie Holding, was selected as a bridge bank.