Рейтинг@Mail.ru
RusEng

News

Russia's richest woman may act as witness in high-profile bank embezzlement case

16:46 04/06/2012

MOSCOW, June 4 - RAPSI. Russia's richest woman Yelena Baturina may come to Russia as a witness in the Bank of Moscow embezzlement case, a source in the law enforcement authorities told RIA Novosti.

However, she would arrive no earlier than June, the source said.

In late 2010, a case was initiated against the former Bank of Moscow president and his deputy on the embezzlement of 12.76 billion rubles ($375.96 million) from the Moscow city budget.

The bank held an additional emission of shares worth 15 billion rubles ($441.96 million) before granting a loan. The shares were purchased by the Moscow City Hall as a major shareholder.

The Bank of Moscow allocated the loan to Premier Estate, which used it to purchase land plots in Moscow from Baturina's company.

Investigators believe that the Bank of Moscow executives knew that the loan information provided to Premier Estate was false, although the loan was to act as the security for the credit.

However, the source said they confused the bank's management by fraudulently assessing the credit risk.

The Interior Ministry reported that the investigators are prepared to guarantee Baturina immunity in the case if she comes to Russia to be interrogated as a witness.
Earlier, the investigation interrogated under the case former Moscow Mayor Yuri Luzhkov, who is Baturina's husband. They said he came to Moscow without any guarantees. As for his wife, the former mayor said she will come to Russia only if she receives guarantees that she will be able to leave the country.

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:

Russia's richest woman may act as witness in high-profile bank embezzlement case

16:46 04/06/2012 Russia's richest woman Yelena Baturina may come to Russia as a witness in the Bank of Moscow embezzlement case.
Forward news story

All fields are mandatory!

Submit news

All fields are mandatory!

Share this

Top news