Court extends Diamond-Bank's bankruptcy proceedings until June
MOSCOW, January 10 - RAPSI. The Moscow Commercial Court has extended until June the bankruptcy proceedings in Diamond-Bank, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com).
The bankruptcy proceedings in Diamond-Bank was extended at the request of state-run Deposit Insurance Agency (DIA which was earlier appointed to act as the bank's bankruptcy administrator).
DIA reported that its probe has identified several individuals to be made accountable for the bankruptcy.
According to the administrator, courts have satisfied 27 DIA claims amounting to 800 million rubles ($24.8 million). In total, DIA has filed 32 claims worth 875.2 million rubles ($27 million).
The Central Bank revoked the bank's license on April 25, 2007 for multiple violations of the federal law on efforts to combat legalization (laundering) of proceeds from crime and terrorism financing and the Central Bank's regulations, committed within one year.
The report also stressed that bank's clients effected payments totaling 29 billion rubles ($900 million) to non-residents under questionable transactions between December 2006 and April 2007.
The Moscow Commercial Court declared Diamond-Bank bankrupt on December 6, 2007.