Former management of Financial Standard bank is suspected of embezzling assets
The Central Bank educed signs of assets' withdrawal in the course of the financial audit of the Financial Standard bank's financial condition.
The Central Bank carried out an inspection of the financial status of the Financial Standard bank, which was denied a license in June. The results of this audit educed signs of assets' withdrawal abroad in the amount about 8.1 billion rubles. According to the Central Bank employees, the former management could steal money by issuing virtually non-performing loans. All the data sent to the General Prosecutor's Office, the Interior Ministry and the Investigative Committee for consideration of the relevant legislation.
The Bank of Russia has found that the size of the hole in the balance of Financial Standard bank is 8.3 billion rubles. The cost of the assets is 1.2 billion rubles, and the amount of liabilities to creditors - 9.5 billion rubles.
At the moment, the bank is run by the interim administration, introduced in connection with the revoked licence to conduct banking operations. Recall that on 21 July 2016 Financial Standard bank was declared bankrupt in respect of his bankruptcy proceedings. The Deposit Insurance Agency was appointed as a bankruptcy supervisor.
Authoritative Nezygar ((@russica2) Telegram channel has recently published yet another portion of insider information received from its source allegedly linked with the group of ‘Moscow auditors’ involving the Control and Audit Administration of the Ministry of Internal Affairs (MIA), Ministry of Economic Development, and Ministry of Finance of the Russian Federation and carrying out an investigation into activities of Zakharchenko and Timofeev in the Donetsk People’s Republic (DPR). According to the released information, the former DPR leaders have embezzled and appropriated over 24 billion rubles ($367.2 million); the monetary funds in rubles and foreign currencies were transferred to various foreign banks via offshore schemes and delivered in cash to Russia and Spain.
Head of Vesta Nataliya Krasavtseva will not face proceedings due to the missed deadlines and the incorrect assessment of the barracks state when concluding the contract thanks to the support of Deputy Defense Minister Timur Ivanov.