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Bank sues former chairman over $164k in losses

10:20 16/09/2011

MOSCOW, September 16 - RAPSI, Alyona Yegorova. An appeal filed by Rost Bank to recover from its former board chairman $164,310 in losses resulting from his actions has been registered by the court, the court told the Russian Legal Information Agency (RAPSI).

Rost Bank was established in 1993

The Moscow Commercial Court dismissed the banks claims on July 28 having stated that the bank did not prove the losses were incurred and they were incurred by the board chairman.

A hearing date has not been set.

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Bank sues former chairman over $164k in losses

10:20 16/09/2011 An appeal filed by Rost Bank to recover from its former board chairman $164,310 in losses resulting from his actions has been registered by the court.
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