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In Yekaterinburg, the police detained leadership and actual owners of a commercial bank, suspected of fraud and theft of funds worth more than 125 million rubles

By   /   July 30, 2018  /   Comments Off on In Yekaterinburg, the police detained leadership and actual owners of a commercial bank, suspected of fraud and theft of funds worth more than 125 million rubles

Source: Russian Federation Ministry of Internal Affairs in English

“Officers of the MIA of Russia GA for Economic Security and Combating the Corruption (ES&CC) together with the ES&CC Administration of the MIA of Russia GA for the Sverdlovsk Region detained the owner, Chairman of the Board and Chief Accountant of a commercial bank, suspected of embezzling monetary funds of the credit institution.
During the investigation of the criminal case instituted in 2012 under article 196 ‘Intentional bankruptcy’ of the Criminal Code of the Russian Federation, new episodes of the defendants’ unlawful activity have been revealed,” said the official representative of the MIA of Russia Irina Volk.
According to available information, the offenders knowingly organized the issuance of non-repayable loans to controlled commercial organizations, the so-called “technical borrowers”, to a total exceeding 125 million rubles. Loans were issued without any security, and the cash after receipt was withdrawn to the accounts of other affiliated organizations and was stolen.
“Based on the revealed facts, the Investigation Department of the MIA of Russia instituted criminal proceedings under Part 4 of Art. 160 ‘Appropriation or embezzlement’ of the Criminal Code of the Russian Federation,” added Irina Volk.
“ES&CC officers of the MIA of Russia and the ES&CC Administration of the MIA of Russia GA for the Sverdlovsk Region with the power support of Rosgvardia fighters conducted 18 searches in residential and non-residential premises in the Sverdlovsk Region. Items and documents with evidentiary value for the criminal case were found and seized.
With regard to the owner of the bank, the court selected a measure of restraint in the form of remand in custody, and with respect to two of his accomplices, a written undertaking not to leave the place,” noted Irina Volk.
Investigative actions and operational-search measures are being conducted to establish all the circumstances of this illegal activity.

MIL OSI

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