Russia’s investigative Committee (SK) announced a new criminal case against former Chairman of the Board of Tatfondbank and the Deputy of the Tatarstan state Council Robert Musin. In early March of 2017, he was arrested on suspicion of involvement in especially large fraud.
In the appeared Monday on the website of the UK, the report says that in the course of a criminal investigation identified the “second additional episodes of criminal activity of the accused.”
According to investigators, Musin and its not installed yet accomplices from among the employees of Tatfondbank in anticipation of the withdrawal of the previously issued Bank licenses illegally brought part of the property that served as collateral for seven loan agreements with the company “TDK-ACTIVE”.
“As a result of the credit obligations to the Bank left without security, thereby decreased the prospect of their return the interim administration through the implementation of collateral under the loan agreements with “TDK-ASSET” that led to the inability of the Bank to meet its obligations to creditors, including the Central Bank of Russia, amounting to more than 1 billion rubles”, — stated in the SC.
In connection with again revealed the UK data against Mussina brought criminal case on signs of the crime under part 2 St. 201 criminal code (abuse of powers entailing serious consequences).
The office emphasized that the criminal investigation is ongoing and the investigation continues to find out all the circumstances of the incident.
The Central Bank revoked the license of Tatfondbank on 3 April 2017. According to the regulator, when poor quality of credit assets of the organisation, its leadership inadequately assessed the risks that led to a complete loss of the Bank’s equity.
In April the Arbitration court of Tatarstan on the application of the Central Bank recognized Tatfondbank bankrupt. Earlier, the Central Bank boosted its assessment of the “hole” in the capital of Tatfondbank with 96,7 billion to 118,3 billion rubles.