Banking

Tag: Banking

Vneshprombank ex-managers appeal against court decision over their liability

Former top managers of Vneshprombank have appealed against a court decision bringing them to subsidiary liability for the obligations of the bank.

12:32 09.08.2022

Ex-head of Russian commercial bank arrested in absentia on embezzlement charges

The Basmanny District Court of Moscow has issued an arrest warrant for the former head of the commercial bank Strategy Kirill Drugov in absentia as part of an embezzlement case.

11:19 08.07.2022

Zaporozhye region integrated into Russian banking system

The Zaporozhye region was integrated into the Russian banking system, according to Vladimir Rogov, a member of the administration of the region.

17:41 14.06.2022

Former Russian senator Sabadash to stand new embezzlement trial

The trial of ex-member of the Russian Federation Council and owner of Liviz liquor producer Alexander Sabadash, who stands charged with embezzling nearly one billion rubles from the Tavrichesky bank, will begin on October 21.

15:40 12.10.2021

Woman convicted of embezzling funds from 3 banks to spend 8 years behind bars in new case

Natalya Norimova, who had already been convicted of embezzling more than 700 million rubles ($9.8 million) from banks Taurus and Ascania Trust, was newly sentenced to 8 years in prison for complicity in the embezzlement of 12.6 million rubles ($176,000) from Vologdabank.

12:49 11.10.2021

Ex-owner of Promsvyazbank Dmitry Ananyev arrested in absentia in fraud case

Moscow’s Tverskoy District Court on Wednesday issued an arrest warrant for ex-owner of Promsvyazbank Dmitry Ananyev in absentia as part of a new fraud case opened against him and his brother Alexey.

15:54 25.08.2021

Amount of Tavrichesky bank embezzlement comes close to $14 million

The sum of embezzlement of the Tavrichesky bank depositors’ money allegedly committed by ex-member of the Russian Federation Council and owner of Liviz liquor producer Alexander Sabadash and his accomplices - former top managers of the credit organization - has come close to 1 billion rubles ($14 millon).

17:17 02.08.2021

Ex-bank manager sentenced to 4 years in custody for $2.6 mln embezzlement

Moscow’s Cheremushkinsky District Court on Monday sentenced ex-treasury department chief of Credit-Express Natalya Tsipinova to 4 years in penal colony for involvement in the embezzlement of over 190 million rubles ($2.6 million) belonging to the bank depositors.

16:52 02.08.2021

Sentence passed on former banker for $725,000 embezzlement upheld

A judicial panel of the Second Cassation Court of General Jurisdiction has upheld sentence passed on the former chair of board of the bank Universaltrust Igor Petrov for embezzling over 53 million rubles ($725,000).

17:51 29.07.2021

Russia’s Cabinet approves replacement of LIBOR rate with special Central Bank rate

The Government Law-Making Commission has approved an initiative to replace the LIBOR (London Interbank Offered Rate) rate with the special rate of the Bank of Russia when disciplining credit institutions failing to remedy registered breaches.

14:13 27.07.2021

Businessman charged with $2.6 million embezzlement freed from house arrest

Moscow’s Cheremushkinsky District Court on Monday mitigated restrictive measure against businessman Vasily Boiko-Veliky charged with embezzling over 190 million rubles ($2.6 million) from Credit-Express bank by changing it from house arrest to restraining order.

13:45 28.06.2021

Ex-head of Togliattikhimbank Popov sentenced to 7.5 years of imprisonment

Former Chairman of the Board of Togliattikhimbank Alexander Popov has been sentenced to 7.5 years in a maximum security colony and a fine of 500 million rubles ($7 million).

10:42 15.06.2021

Businessman charged with $2.6 million embezzlement to go on trial

Prosecutors have approved indictment against businessman Vasily Boiko-Veliky charged with embezzling over 190 million rubles ($2.6 million) from Credit-Express bank.

15:17 07.06.2021

Government commission backs bill on Justice Ministry’s access to bank secrecy

The Government Law-Making Commission on Thursday approved an initiative giving the Justice Ministry a right to receive the banking secrecy information from credit organizations, according to Chairman of the Board of the Association of Lawyers of Russia Vladimir Gruzdev.

11:14 27.05.2021

Investigation into Prime Finance bank embezzlement case completed

Investigators have completed the embezzlement probe into Prime Finance bank president Mikhail Tabunov and bank teller Maya Alekseyeva.

13:58 17.05.2021

Former manager of Credit-Express bank to be imprisoned for 3 years for embezzlement

Moscow’s Cheremushkinsky District Court on Wednesday sentenced ex-head of a branch office of Credit-Express bank Elena Chuyeva to 3 years in penal colony for her involvement in large-scale embezzlement in the credit organization.

17:24 28.04.2021

Two bankers put in detention in Moscow on suspicion of $13.5 mln withdrawal

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.

16:14 26.04.2021

Moscow court to look into case on illegal withdrawal of over $1.6B to Moldovan bank

The Tverskoy District Court of Moscow is to consider a criminal case over illegal currency transfers amounting to more than 126 billion rubles (about $1.6 billion) with the use of falsified documents to BC Moldindconbank S.A.

13:04 13.04.2021

Ex-president of MAST-Bank gets 8.5 years for $73.5 mln embezzlement

Moscow’s Preobrazhensky District Court on Thursday sentenced ex-president of now insolvent MAST-Bank Yury Pirogov to 8.5 years in penal colony for embezzling over 5.6 billion rubles ($73.5 million at the current exchange rate).

14:26 01.04.2021

State Duma MPs propose seizure of illegally acquired funds in officials’ bank accounts

A bill establishing that the funds officials have in their bank accounts may be seized if the owners fail to confirm that those funds were acquired legally has been submitted to the State Duma.

16:06 23.03.2021