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Rosbank settles emplyoment contract dipsute with former CEO

13:10 12/12/2013

MOSCOW, December 12 (RAPSI) – The Meschansky District Court of Moscow on Thursday closed the proceedings in the Rosbank’s ex-CEO lawsuit against the bank over the reinstatement as chairman of the board, RAPSI reports from the courtroom.

The bank agreed to amend Golubkov’s employment contract and to pay him a 26 million ruble compensation. In return, Golubkov withdrew all the claims filed within the lawsuit.

In the lawsuit, Golubkov demanded his reinstatement as CEO and to be compensated with salary bonuses for 2010-2012, as well as regular pay from the moment of his termination.

In May, the police arrested Golubkov, who had headed the bank since 2008, while he was accepting 5 million rubles ($153,082) as part of a larger $1.5 million kickback from the representative of a private company. The executive was allegedly trying to extort the money from Andrei Kovalyov, a former member of the Moscow city legislature and a rock musician, in order to restructure an $80 million debt.

Rosbank is a private universal bank within the Societe Generale banking group. It provides banking services to private and corporate clients and has over 600 offices in 340 cities and towns across Russia. It is one of Russia's top 10 banks in terms of assets.

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Rosbank settles emplyoment contract dipsute with former CEO

13:10 12/12/2013 The Meschansky District Court of Moscow on Thursday closed the proceedings in the Rosbank’s ex-CEO lawsuit against the bank over the reinstatement as chairman of the board.
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