Monolit bank management charged with $105.4m-embezzlement

Monolit bank management charged with $105.4m-embezzlement
Dmitry Yakubovsky

The investigation has no complaints to well-known lawyer and businessman Dmitry Yakubovsky, whose name was previously associated with the leaders of Solntsevskaya gang. He did not sign anything and quitted the Monolit board a year before the license was revoked.

The former management of the Monolit bank, which license the Bank of Russia revoked in 2014, fell under criminal prosecution, Kommersant reports. Ex-chairman of the board of the bank Alexander Danilin, his first deputy Andrey Ikramov and some other defendants are accused of stealing more than 6.4 billion rubles ($105.4m) from the bank.

At present, Alexander Danilin is arrested, and his first deputy Andrey Ikramov is placed under house arrest. The remaining defendants of the case are recognizance not to leave, the newspaper notes.

According to the investigation, from 2012 to 2014, the management of Monolit granted unsecured loans worth 6.4 billion rubles to almost 100 commercial entities, although only a few of them were financially and economically active. The investigation found that most of the borrowers were absent at the addresses of the place of registration, did not have staff, and their management included the same people. Most borrowers have stopped paying interest payments since February 2014 - a month before the license was revoked from Monolit.

The documentation handed over to the law enforcement agencies, from which it became known that loans were issued even to organizations that did not provide the bank with the dossier, became the evidence of the guilt of the bankers. Loan repayment schedules were prolonged automatically. It is noteworthy that two borrowers Itera LLC and Aesthetika LLC got loans without any liquid collateral in platinum bullion.

In February 2018, the Moscow Arbitration Court partially granted the claim of the bankruptcy trustee of the Monolit bank about bringing two of the seven former heads of the credit institution to responsibility for 6.4 billion rubles embezzlement. Danilin and Ikramov were the main defendants of the criminal case.

It should be noted that the Agency for Deposit Insurance (DIA) first attempted to prosecute Monolit's leadership in May 2014, two months after the Central Bank revoked its license. The bank revealed a hole for a minimum of 4.6 billion rubles. For three years, the Moscow police received allegations under Abuse of Authority (Article 201 of the Criminal Code of the Russian Federation), Deliberate Bankruptcy (Article 196 of the Criminal Code), as well as Misappropriation or Embezzlement (Article 160 of the Criminal Code), but law enforcement officers faced lack of corpus delicti.

The criminal case under part 4 of Art. 159 of the Criminal Code (Swindling on an especially large scale) was instituted only after the DIA appealed to the Ministry of Internal Affairs GUEBiPK, the operatives of which transferred materials to the management of the ICR for the Central Administrative District of Moscow after the verification.

The edition notes that lawyer and businessman Dmitry Yakubovsky, known under the nickname General Dima, was a member of the board of the Monolit bank from April 2012 to January 2013. At the same time, the investigation and the Moscow Arbitration Court have no complaints against Yakubovsky. He did not sign any documents; he did not make management decisions.

The name of Dmitry Yakubovsky is associated with Solntsevskaya gang; as a lawyer, he represented the interests of its alleged leaders Sergey Mikhailov (Mikhas) and Arnold Spivakovsky (Tamm). He got his nickname in 1990, when he almost became a general at the age of 28, when a little-known ex-employee of the USSR Prosecutor's Office was suddenly appointed the head of the working group of the USSR Defense Ministry in the Western Group of Forces (Germany) and immediately received the military rank of Colonel. In 1994, Yakubovsky was arrested on charges of stealing books from the Russian National Library of St. Petersburg and was released in 1998. Then he has run business, including the partnership with Vladimir Yevtushenkov and AFK Sistema, as well as VTB Bank. He currently resides in Switzerland, is the owner of the Swiss holding company Engelberg Industrial Group AG. Yakubovsky is the multimillionaire; the Bilanz business magazine estimated his fortune at 800 million Swiss francs in 2014, RBC estimates Yakubovsky's assets at about $1 billion.

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