MOSCOW, June 9 (RAPSI) – The Moscow Commercial Court will consider a claim filed by the BVI company Camilla Properties Limited for bankruptcy of Russian businessman Anatoly Motylev, who is involved in the large scale fraud criminal case, on August 4, according to court records.
Motylev, who currently lives abroad, is the former owner of several Russian banks including “Russian credit”, “M-Bank”, “AMB B”and “Tulsky Industrialist”.
In the summer of 2015 the Central Bank of Russia withdrew the licenses of those banks. All four banks are declared bankrupt and are subjected to bankruptcy proceedings.
The large-scale fraud criminal case launched against Motylev is reportedly related to alleged embezzlement at the M-Bank. Allegedly over 1 billion rubles ($15.5 mln) were transferred from the bank to phony companies where they were cashed and stolen.