The former head of Boston filed a lawsuit to invalidate the revocation of the Bank

MOSCOW, August 31. /TASS/. The former Chairman of the Bank “Ugra” Dmitry Shilyaev was sent to the Moscow Arbitration court the claim about recognition invalid the revocation of the license of the Central Bank of the Russian Federation.

The journalists said the representative of the former head of the Bank.

“In this petition it is noted that there are no absolute grounds for revocation of the license, namely the reduction of all norms of sufficiency of own means and size of the Bank’s capital below the minimum value, that is below 30 billion rubles,” – said the representative.

The Bank “Ugra”, included in top-30 Russian banks in terms of assets, was disbarred July 28, 2017. According to the Central Bank, 90% of the credit portfolio of “Ugra” was loans for business projects of the Bank’s owners. The main shareholder of “Severstal” is businessman Alexei Khotin.

The collapse of the “Ugra” became the largest case in the history of the volume of payments during the work of the Agency on insurance of contributions: total payable 169,2 billion.