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Convicted banker seeks $612k from government corporation

14:37 26/03/2012

MOSCOW, March 26 - RAPSI. Former banker Alexei Frenkel has sued the state-run Deposit Insurance Agency and the Investigative Committee for $612,000.

The Moscow Commercial Court has registered the statement of claim, but has yet to schedule the preliminary hearing date.

Frenkel was convicted in the high-profile murder case of Central Bank First Deputy Chairman Andrei Kozlov in September 2006.

The Moscow City Court returned a guilty verdict and Frenkel was sentenced to 19 years behind bars in 2008. He was also ordered to pay 10 million rubles ($340,000) to the victim's father.

Frenked headed VIP Bank, which was deprived of its license in 2006 for multiple violations of the money laundering law. The case materials also state that Frenkel was associated with the establishment of Sodbusinessbank, which has also lost its license.

According to the criminal case, Frenkel paid $300,000 for Kozlov's murder. Of this amount, the killers received from $3,000 to $8,500 and the intermediaries received $80,000 or more.

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Convicted banker seeks $612k from government corporation

14:37 26/03/2012 Former banker Alexei Frenkel has sued the state-run Deposit Insurance Agency and the Investigative Committee for $612,000.
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