Moscow court rules in favor of MInBank seeking to recover $2.7 bln from its ex-managers
The Moscow Commercial Court granted a claim of the Moscow Industrial Bank (MInBank) represented by Russia’s Central Bank, which had sought to recover from 18 persons earlier controlling this credit organization 198.06 billion rubles (about $2.7 billion).
Defendants in $2.3 mln Russtroybank embezzlement case go on trial
A former vice-president of the Russian Construction Bank (Russtroybank) and his acquaintance indicted of a 175 million-ruble ($2.3 million) embezzlement will stand trial in Moscow’s Meshchansky District Court.
Investigators urge detention of Russian businessman in embezzlement case to be extended
The Moscow City Court will hear a motion of investigators demanding to extend detention of businessman Vasily Boiko-Veliky in the Credit-Express bank embezzlement case for three months on August 17.
Asset disposition against ex-Fundservicebank president extended for another six months
The Moscow Commercial Court has again extended an asset disposition procedure against insolvent ex-president of Fundservicebank Alexander Volovnik for six months.
DIA seeking 1.7 bln rubles from former co-owners of Premier Credit Bank
Russia’s Deposit Insurance Agency (DIA), established to pay out deposits in the event a bank goes bankrupt, filed a claim in the Moscow Commercial Court seeking 1.7 billion rubles (about $24 million) from former co-owners of Premier Credit Bank.
Defendant in DS-Bank embezzlement case gets 4.5 years in prison
Moscow’s Tagansky District Court has sentenced a former advisor to the board’s chairman of DS-Bank Viktor Averin to 4.5 years in penal colony in a case over embezzlement of about 585 million rubles (around $8.5 million at the current exchange rate) from the credit organization.
Ex-top manager of BFG-Credit bank put in detention in $185 mln embezzlement case
Moscow’s Basmanny District Court on Friday placed ex-deputy chair of the board of currently bankrupt BFG-Credit bank Mikhail Doroginin in detention until July 24 in the 12.9 billion-ruble ($185 million) case.
Ex-bank employee detained in $185 mln embezzlement case until late July
Moscow’s Basmanny District Court on Friday detained a former loan directorate employee of insolvent BFG-Credit bank Alexey Gorlin as part of a case over embezzling about 12.9 billion rubles ($185 million) from the credit organization until July 24.
Russian banker accused of $48 mln embezzlement arrested in absentia
Stockholder of the bank Severny Credit (North Credit) Alexey Zhelezov, who stands charged with organized embezzlement of 3.3 billion rubles ($48 million) from the customers’ bank accounts and their legalization, has been arrested in absentia.
Russia’s banks grant lax credits to finance wages twice more actively over week
The office of Russia’s Business Ombudsman Boris Titov has completed its second controlled drawing of preferential credits aimed to finance wages and salaries reporting persisting problems but more optimistic results as compared with its first such operation.
Russia’s Cabinet proposes prohibit banks block clients’ accounts without explanation
Russia’s government has developed a bill seeking to prohibit banks to decline their clients requests for bank operations or to block their accounts without giving a reason of such refusals, the respective amendments are to be discussed at a Cabinet meeting, according to Prime Minister Mikhail Mishustin.
Central Bank passes further steps to protect Russian citizens’ interests
The Central Bank has established additional measures to protect the interests of Russian citizens.
Russia's State Duma adopts repayment holiday bill amid coronavirus spread
The lower house of Russian parliament, the State Duma, adopted in a final third reading on Wednesday a bill on repayment holidays drafted over the coronavirus epidemic.
Businessmen accused of stealing banker Rotenberg’s funds face trial in St. Petersburg
A criminal case against businessmen charged with embezzling funds of banker Boris Rotenberg has reached the Smolninsky District Court of St. Petersburg for consideration.
Russia’s Finprombank demands $432 mln from former shareholder
Russia’s Finprombank has filed an application seeking to include a 29.5-billion-ruble debt ($432 million) of its former stockholder Stanislav Perminov in his list of creditors’ claims.
Tatfondbank seeks to recover $2.3 bln from its ex-chair Musin
PAO Tatfondbank has filed a petition to put a 141.3 billion rubles (about $2.3 billion) debt on the list of creditors’ claims to its ex-chairman Robert Musin.
Court oders seizure of assets of former Tatfondbank managers worth $1.5 billion
The Tatarstan Commercial Court ordered the seizure of assets held by Robert Musin, former Tatfondbank chairman, and ten other former managers of the bank totaling 96.5 billion rubles (about $1.5 billion).
Moscow court extends detention of Russian businessman in bank embezzlement case
The Basmanny District Court of Moscow had extended the detention of businessman Vasily Boiko-Veliky in the Credit-Express bank embezzlement case.
Moscow FAS office launches case against VTB over improper advertising of loan
The Moscow office of the Federal Antimonopoly Service (FAS) has opened a case against VTB bank over inappropriate advertising of a loan.
Russia’s Uralsib bank fined $14,500 for ads spam
The Federal Antimonopoly Service’s Moscow Region Directorate (FAS) has fined Uralsib bank 900,000 rubles ($14,500) for spam advertising loans.