Central Bank shakedown
The investigation is believed to have been brought up by the fraud in the de-licensed International Joint Stock Bank.
Investigators have seized the papers at the Main Territorial Directorate of the Bank of Russia located on Baltschug Street. The bank officials say the actions concerned "certain employees of the Bank of Russia" and the results are not known yet.
According to Vedomosti, the investigation is associated with the situation that is going on in the International Joint Stock Bank. In February, the bank was deprived of its license. As the Bank officials explained at that time, some violations were found in credit risk assessment. After that, over 6 billion rubles belonging to the Federal State Unitary Enterprise Almazuvelirexport (diamond jewelry exports) disappeared. Victor Afonin, its top manager, together with his brother Boris are believed to have been taking large loans from the Bank against the security of Almazuvelirexport deposit during the period from 2007 to 2011. Then they would withdraw the money through subsidiary one-day firms.
Now they have already been charged with large-scale Swindling committed by a group of persons (part 4 of Art.159 of the Criminal Code). According to it, the brothers could face up to 10 years of custody.
Being a part of the Ministry of Finance, Almazuvelirexport is engaged in the export of platinum. The company also ensures the state fund foreign trade operations with precious metals.