Jugra majority shareholder Aleksey Khotin detained for embezzling $116,500,000
He is going to be convicted soon.
Aleksey Khotin, the former majority shareholder of Jugra Bank, has been detained by security officials as part of an investigation into the theft of 7.5 billion rubles ($116,500,000) under part 4 of Art. 160 of the Criminal Code of the Russian Federation. The press service of the Investigative Committee of Russia reported the news.
The office added that the operation was carried out jointly by the ICR, the Ministry of Interior and the FSB. The Investigative Committee is going to petition to the court for a punishment.
The Bank of Russia revoked Jugra’s license in July 2017. Since then, the “hole” has increased more than 70 times, up to 143 billion rubles ($2,2b). According to the investigation, Khotin had tacit control over the bank creditors, which would allow for the restructuring of debts of borrowers on unfavorable conditions for the investors.
However, the DIA postponed the meeting and the most active creditor of the bank, who had previously acted on Khotin’s side, refused to support him.