London court allows fugitive banker Bedzhamov to pay for Monaco apartment

London court allows fugitive banker Bedzhamov to pay for Monaco apartment
Georgy Bedzhamov

The family of the former Vneshprombank owner will pay £ 250 thousand for the apartment. At the suit of the Deposit Insurance Agency, Bedzhamov’s spending is limited to 80 thousand pounds per month.

The High Court of Justice has allowed the ex-owner of Vneshprombank, Georgy Bedzhamov, to pay 250 thousand pounds of rent for a Monaco apartment, reports RBC. Bedzhamov’s assets were seized at the suit of Deposit Insurance Agency (DIA) in the spring of 2019.

The court also ruled that DIA has to compensate for the fugitive banker’s legal costs worth 40 thousand euros. Bedzhamov’s statement was considered as part of a trial initiated by the agency to recover $1.75 billion from him for the damage caused to Vneshprombank. DIA is currently the bankruptcy trustee of the institution. In March and April 2019, the agency obtained the seizure of Bedzhamov’s assets that equaled the amount of damage. In addition, the former banker was banned from spending more than £50,000 ($ 61.5 thousand) as a lump sum without Vneshprombank’s approval and was limited in spending on personal needs and rental housing. Currently, the limit is 80 thousand pounds per month.

Bedzhmov's partner Alina Zolotova and their children live in the Monaco apartment at the moment. The rent was 75 thousand pounds per month. Zolotova moved to Monaco back in 2016, before Bedzhamov’s assets were seized. Due to the spending restrictions, the woman delayed the rent for months and nearly got evicted unless she paid before September 6. On September 5, the court allowed Bedzhamov to pay an overdue rent of £ 250,000. The banker's attorney told the court that Zolotova was looking for cheaper housing.

“Given that Bedzhamov’s partner could be evicted along with the children for non-payment of the rent, the court made a humane decision and allowed a one-time payment until she finds a more affordable housing,” said a representative of A1, the investment division of Alfa Group, which deals with DIA trials abroad.

The Central Bank revoked the license from Vneshprombank in 2016 due to a 200-billion-ruble hole ($3.000.000.000) in the bank. Currently, the bank’s property is on sale to pay off debts to creditors. Bedzhamov is wanted in Russia, and his sister Larisa Markus, who headed the institution, was sentenced to nine years in prison for embezzlement of 113 billion rubles ($1.700.000.000).

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