Banker-recidivist accused of embezzling $10mn from depositor
Earlier, former Deputy Chairman of the bankrupt Alta Bank, Aleksandr Kitbalyan, was convicted of misappropriation of 20 million rubles ($303,140) and the sale of unsecured bills to another client.
The Tverskoy District Court of Moscow has begun proceedings against former Deputy Chairman of Alta Bank (went bankrupt in 2016), Aleksandr Kitbalyan, accused of fraudulent embezzlement of $10 million from the bank's VIP depositor Georgy Aleksandrov (part 4 of Art. 159 of the Russian Criminal Code). This is reported by Kommersant. In 2017, Kitbalyan was sentenced to five years in prison for a similar scam.
According to the investigation, in 2005, Kitbalyan offered Aleksandrov high interest on deposits. The client opened several bank accounts and deposited 729 million rubles ($11 million) for seven years. Each time, Kitbalyan personally catered to Aleksandrov, showing the crediting of money on his computer. However, it turned out later that the computer was not connected to the banking network.
It is noted that the banker would receive money from Aleksandrov without a receipt. Only in January 2016, a month before the license was revoked from Alta-Bank, Kitbalyan issued him a receipt on a lump-sum receipt of $10 million in ruble equivalent. At the same time, the receipt did not indicate when and under what circumstances the money was transferred.
Kitbalyan did not plead guilty, referring to the fact that the prosecution did not name the date of money transfer and the specific amount. His lawyer, Artyom Moiseev, noted that Aleksandrov never went to court to collect his funds; he immediately filed a complaint with law enforcement bodies. In turn, the victim said that he had filed a lawsuit against the banker as part of the investigation.
In 2017, Kitbalyan was convicted of misappropriating 20 million rubles in 2013 and selling unsecured bills of exchange worth $50 thousand to a client.
Established in 1993, Alta-Bank lost its license in 2016. The institution owed more than 6.6 billion rubles ($100 million) to its clients.