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Convicted murderer denied compensation from federal investigators

14:23 10/09/2012

MOSCOW, September 10 - RAPSI. The Ninth Commercial Court of Appeals has returned Alexei Frenkel's appeal of a lower court's refusal to consider his claim to recover $566,730 from the Deposit Insurance Agency and the Investigative Committee, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com).

Frenkel was convicted of the 2006 murder of Central Bank First Deputy Chairman Andrei Kozlov.

Frenkel's appeal was dismissed because he violated the appeals procedure for first instance judicial acts.

The appeal disputed the Moscow Commercial Court's June 6 ruling, which had dismissed his statement of claims. That decision was based on Frenkel's failure to eliminate the circumstances that formed the basis for abandoning the claim without motions; he did not submit the necessary documents.

The agency has yet to obtain the parties' comments in the case.

The Moscow City Court sentenced Frenkel to 19 years behind bars on November 13, 2008. He was also ordered to pay 10 million rubles ($314,800) to Kozlov's father.
Kozlov headed the Central Bank's supervisory division and was the founder of the Deposit Insurance Agency. His responsibilities included selecting banks for the deposit insurance system and revoking banking licenses. An attempt on Kozlov's life took place on September 13, 2006. His driver died on the spot and Kozlov died the next morning in the hospital.

Frenkel was the chairman of VIP Bank. His bank forfeited its license in 2006 for multiple violations of money laundering legislation. According to case records, Frenkel was also associated with the establishment of Sodbusinessbank, which had also lost its license.

In the jury's view, investigators managed to prove that Kozlov's activities to revoke banking licenses from violators had inflicted multimillion losses on Frenkel. The case materials read that 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 murderer denied compensation from federal investigators

14:23 10/09/2012 The Ninth Commercial Court of Appeals has returned Alexei Frenkel's appeal of a lower court's refusal to consider his claim to recover $566,730 from the Deposit Insurance Agency and the Investigative Committee.
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