Investigative Department of the MIA opened a criminal case on the fact of embezzlement of RUB 1 billion committed in one of the Russian commercial banks, reported the press service of the Ministry. Former Deputy Chairman of the management Board and head of financial analysis and business planning have been detained and taken into custody, and the former Chairman of the Board of Directors declared internationally wanted.
“The audit found that top executives of the Bank by issuing a “technical” credits on the nominees, as well as the conclusion with customers of fictitious contracts of Bank deposits was stolen from credit institutions funds in the amount of about 1 billion rubles”, — stated in the message of Ministry of internal Affairs.
According to investigators, bankers reported defrauded clients that has VIP status, and from time to time paid some amount of cash as interest. However, in reality the “VIP contracts” for the accounting records were not obtained from the victims money in the Bank is not received.
The official representative of the Ministry of internal Affairs of Russia Irina the Wolf refused to report the name of the Bank, the top managers implicated in the theft, saying only that he was stripped of his license in March 2016.
In March 2016, the Central Bank withdrew the license for banking operations in 11 credit institutions — AKB “Banking house” (St.-Petersburg), AKB “the Action” (Ivanovo), the Bank “Bogorodsky” (Bogorodsk, Nizhny Novgorod region), Bank “1Банк” (Vladikavkaz), StarBank, Miko-Bank, Smartbank, Rosavtobank, Accordbank, PJSC “Bank Catherine” and Mosvodokanalbank (Moscow).
In mid-September 2016, Russian President Vladimir Putin promised to instruct the government to study the issue of restricting travel abroad for managers of troubled banks. This statement he made after meeting with Central Bank Chairman Elvira Nabiullina complained that the reason for the collapse of Russian banks are often the “criminal actions” of managers and owners, the culprits often manage to escape abroad.