Sixty cases initiated in 2020 after prosecutorial inspections over withdrawal of bank fundsIn 2020, Russia’s investigative authorities opened 60 criminal cases over illegal withdrawal of credit organizations’ funds abroad as a result of prosecutorial inspections.11:32 10.03.2021
Moscow court detains two ex-bankers in $14 mln embezzlement caseMoscow’s Tverskoy District Court has placed two former top managers of a commercial bank charged with embezzling over 1 billion rubles (about $14 million) in detention.14:36 25.02.2021
Russian Justice Ministry to receive access to banking secrecy – draft lawA bill giving the Justice Ministry a right to receive the banking secrecy information from credit organizations has been drafted in Russia.17:00 25.01.2021
Russian Supreme Court upholds sentence of Probusinessbank embezzlement case defendantsThe Supreme Court of Russia on Tuesday upheld prison sentence given to two defendants in a case over stealing of 600 million rubles ($8 million at the current exchange rate) from Probusinessbank.16:44 19.01.2021
Lawyer sentenced to 4 years for €819,000 from Dutch Finance Ministry’s accountInternational lawyer Yakov Melnikov has been convicted and sentenced to 4 years in penal colony for embezzling for €819,000 (over $33 million) entitled to the Russian Federation from the account of the Finance Ministry of the Netherlands.13:39 18.12.2020
Investigators launch probe in terms of Cypriot Netcore Solutions’ loan to CFB bankRussian investigators are examining the situation with regard to a subordinated loan agreement made between Corporate Finance Bank LLC and Cypriot company Netcore Solutions Ltd.17:56 08.12.2020
Moscow bank hostage holder to undergo compulsory mental treatmentA court found Alexey Baryshnikov, a defendant in a case over hostage taking in one of the Moscow offices of Alfa Bank, guilty and sentenced him to compulsory mental treatment.16:00 06.11.2020
State Duma to discuss bill obliging banks to state reasons behind denials of credit breaksA bill envisaging that creditors are to be obliged to explain their reasons for denying credit or mortgage breaks to borrowers has been submitted to the lower house of Russia’s Parliament.17:47 05.11.2020
State Duma lawmakers approve foreign bank account ban for Russia’s OmbudsmanA bill prohibiting Russia’s Human Righs Commissioner to have accounts with foreign banks passed its final reading in the lower house of parliament on Wednesday.13:22 28.10.2020
Appeal of former MInBank managers against $2.5 bln recovery ruling set for winterThe Ninth Commercial Court of Appeals will hear and appeal of ex-top managers of the Moscow Industrial Bank (MInBank) against an order to pay 198.06 billion rubles (over $2.5 billion at the current exchange rate) in damages on December 2.11:26 22.10.2020
Probusinessbank’s $30 mln claim against ex-CEO of collector agency dismissedThe Moscow Commercial Court has dismissed an application filed by Probusinessbank seeking to collect over 2 billion rubles (about $30 million at the current exchange rate) from ex-CEO of Life collector agency Sergey Kalachev sentenced earlier to 6.5 years in prison for embezzling the bank’s funds.10:53 22.10.2020
Moscow Commercial Court seizes $1 bln assets belonging to four bankersThe Moscow Commercial Court has attached assets worth over 85 billion rubles ($1 billion) owned by Mikail Shishkhanov, ex-president of Binbank and owner of Rost Bank, and three other bankers.10:21 20.10.2020
Moscow District Commercial Court seizes $62 mln assets from Eurocommerce Bank ex-managersThe Moscow District Commercial Court has decided to attach assets worth 4.8 billion rubles ($62 million) belonging to four former top managers of Eurocommerce Bank upon a claim of the Russian state corporation Deposit Insurance Agency (DIA).10:48 12.10.2020
Recovery of over $2.5 bln from former Moscow Industrial Bank managers appealedFormer top managers of the Moscow Industrial Bank (MInBank) have challenged a ruling on recovery of 198.06 billion rubles (over $2.5 billion at the current exchange rate) in damages from them jointly.10:42 09.10.2020
Assets worth nearly $4 bln seized from four bankers on Russian Central Bank’s requestThe Moscow Commercial Court has distrained property worth 283.8 billion rubles (about $4 billion) belonging to Mikail Shishkhanov, ex-president of Binbank and owner of Rost Bank, and three other bankers upon a request of Russia’s Central Bank.14:32 01.10.2020
Ex-Wikimart CEO’s 3-year suspended term for $1.6 embezzlement upheldThe Moscow City Court on Tuesday upheld a 3-year suspended term passed on ex-CEO of Russian online trading platform Wikimart Andrey Klenin in a criminal case over embezzlement of 124 million rubles (about $1.6 million at the current exchange rate) from iMoneyBank.15:15 22.09.2020
Dismissal of ex-footballers’ $1.6 mln claim against against Interior Ministry upheldThe Moscow City Court on Friday rejected an appeal filed by four former football players seeking to collect over 124 million rubles ($1.6 million) from the Interior Ministry for failures in the investigation of embezzlement at Zamoskvoretsky bank.11:12 18.09.2020
Former head of Globex Bank gets 3 years behind bars for embezzling 12 million eurosThe Tagansky District Court of Moscow on Thursday found a former president of Globex Bank Vitaly Vavilin guilty of embezzling 12 million euros from the financial organization and sentenced him to 3 years in penal colony.15:50 17.09.2020
Ex-banker jailed for 7.5 years in $1.6 million embezzlement caseMoscow’s Tverskoy District Court has sentenced a former deputy chairman of board of the bank Legion Victor Brusentsev to 7.5 years in penal coliny for 122 million-ruble ($1.6 million) embezzlement.12:22 11.09.2020
Appeal against recovery of $60 mln from Ukrainian bank in favor of Moscow firm dismissedRussia’s Supreme Court has returned a complaint of Ukrainian Prominvestbank about the recovery of a $60 million debt arising from an assignment agreement in favor of Moscow CaptialYugInvest company without consideration.13:00 03.09.2020