MOSCOW, March 10 (RAPSI) — In 2020, Russia’s investigative authorities opened 60 criminal cases over illegal withdrawal of credit organizations’ funds abroad as a result of prosecutorial inspections, the press service of the Prosecutor General's Office informs RAPSI on Wednesday.

The work on the return of the assets of credit institutions withdrawn as a result of unlawful acts committed by their employees is under special control, the statement reads.

In the course of verification activities it was revealed that the management of a number of banking institutions concluded deliberately unprofitable transactions for the purchase of securities and sale of liquid assets at low prices; engaged in illegal withdrawal of assets from credit institutions, according to the document.

Prosecutors are exchanging information on illegal actions of the management, owners and employees of credit institutions on the eve of bankruptcy thereof, as well as about dubious transactions of banks and their clients, with the Bank of Russia, the Prosecutor General’s Office states.

For each such piece of information, prosecutorial inspections have been organized. Over the facts of embezzlement of bank funds, including those where technical companies were involved, and schemes for withdrawing finances through offshore zones, criminal cases have been initiated and are being investigated in the Ivanovo Region, the city of Moscow and across other regions, the statement reads.