Investigative Committee opens criminal case on withdrawal of funds from BFG-Kredit bank

Investigative Committee opens criminal case on withdrawal of funds from BFG-Kredit bank
BFG-Kredit bank

The bank which lost 50 billion rubles from its capital served Channel One, VGTRK and Rossiya Segodnya. Only a few months after assets had been withdrawn from BFG-Kredit did the Central Bank revoke its license.

The Russian Investigative Committee (ICR) opened a criminal case under part 4 of Art. 160 of the Criminal Code (Embezzlement on a considerable scale) into withdrawal of almost 2.3 billion rubles from BFG-Kredit bank.

Investigators believe that the money was siphoned off to the accounts of front companies under the guise of credits. The main accused is the bank’s chairman of the board Pavel Doinov. The case materials also mention "unidentified persons."

RBC reports that the investigation against them began after the Central Bank had contacted the law enforcement agencies in May 2016. The regulator provided the ICR with information on suspicious transactions in BFG-Kredit, although signs of withdrawal of funds were officially announced much later.

According to investigation, Doina and his accomplices knew about the bank’s financial problems and the threat of license revocation, but still issued loans to fake legal entities. A total of 2.3 billion rubles were withdrawn during the period from December 2015 to February 2016.

The Central Bank suggested that the money was withdrawn from the bank to the accounts of front companies by issuing "non-performing loans and bank guarantees to borrowers with questionable solvency." Among companies controlled by the chairman of the board are such legal entities as NordAlyans, ZhaneyroSistems, PromBazis, and Marva.

The bank's license was revoked in July, and the news of its bankruptcy were reported only in September. The criminal case was filed in October, and only on November 30 it became clear that the debt exceeded its assets by more than 47 billion rubles.

As previously reported by the CrimeRussia, the bank's main beneficiaries are father and son Georgy and Filip Glotser (45%) and Tamara Khoroshilova (19.5%). In addition, the bank's shares are owned by a US citizen Yevgeny Maftsir (10%). Tatiana Sycheva through the offshore company Festoria Consultants Limited (15.5%), and Oleg Reshetnikov through a Cyprus company Kosa Holdings Limited (10%).

It is worth mentioning that the name Glotser is associated with criminal world. In 1994, a killer from the Orekhovo-Medvedkovskaya gang Alex Sherstobitov nicknamed Lesha Soldat (Soldier) murdered Yuri Glotser’s brother Iosif at the request of businessman Alexander Tarantsev. Later, Yuri Glotser himself became a party to the scandal with the microfinance organization Mini-Zaim Express (Mini-Loan Express), which granted microloans under 2800% per annum to retired citizens through the offices of Russian Post.

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