Рейтинг@Mail.ru
RusEng

News

Court recovers $10.3 from former bank's CEO in losses

11:49 13/10/2011

MOSCOW, October 13 - RAPSI, Dmitry Shchitov. The court sided with the Fundament Bank bankruptcy administrator in his $10.3 million claim against the bank's former CEO Vladimir Pogosov, the court told the Russian Legal Information Agency (RAPSI).

The Fundament Bank was founded in 1992. It served over 7,000 corporate customers.

The Deposit Insurance Agency, the bank's bankruptcy administrator, said Pogosov was the bank's sole executive body. He acted carelessly and unreasonably in granting loans and failed to perform his duties properly, the agency added.

The agency also said the former CEO was to be blamed for the bank's bankruptcy.

Pogosov told RAPSI he would appeal the judgment.

Share thisE-mail this articlesubmit newsAdd to blogrss feed
Add to blog
To link to this material, copy the code to your blog.
Publishing code:
Preview:

Court recovers $10.3 from former bank's CEO in losses

11:49 13/10/2011 The court sided with the Fundament Bank bankruptcy administrator in his $10.3 million claim against the bank's former CEO Vladimir Pogosov.
Forward news story

All fields are mandatory!

Submit news

All fields are mandatory!

Share this

Top news