MOSCOW, April 26 (RAPSI) – A court in Moscow put a former chair of board of one of the commercial banks and his deputy in detention on suspicion of illegal takeaway of more than one billion rubles (about $13.5 million) through unsecured loans, the Interior Ministry’s spokesperson Irina Volk told RAPSI on Monday.
According to preliminary information, between Septeme 2018 and January 2020, the bank top managers siphoned off the clients’ money by the issuance of unsecured loans to their subdordinated individuals. As a result, a portfolio of potentially bad loans totaling over one billion rubles was formed on the balance sheet of the credit organization, Volk said.
A criminal case was opened over large-scale fraud. Police conducted over 20 searches as part of it, she added.