Yugra’s asset ‘hole’ increased fourfold
Now it is a question of negative capital in the amount of 31.14 billion rubles ($517m).
The interim administration of the bank Yugra ordered the credit institution to create additional reserves for 24.1 billion rubles ($402m). Earlier, the ‘hole’ in the capital of Yugra was estimated at 7.04 billion rubles ($117m). Thus, the total negative balance of the bank amounted to 31.14 billion rubles. Izvestia reports this.
The former management of Yugra did not agree with this decision, saying that the auditors did not take into account real estate that is pledged as collateral for loans.
On July 10, the Bank of Russia suspended the powers of shareholders and management of Yugra. The management of the credit organization was assumed by the Deposit Insurance Agency (DIA). Nine days later, the Prosecutor General's Office protested the decision of the Central Bank, stating its "groundlessness."
However, the statements of the supervisory authority were not taken into account, on July 20, payments to depositors of the bank began, and the license of Yugra was revoked. According to ex-chairman of the board of the bank Dmitry Shilyaev, such actions of the regulator can be regarded as pressure on the clients of the credit organization, as well as artificial creation of conditions for the revocation of the license. On August 7, the Central Bank filed a lawsuit to declare Yugra bankrupt.
After the Bank of Russia’s checking, questions about Yugra arosed at law enforcement agencies. The fact is that the regulator suspected the management of the credit institution in the withdrawal of assets due to the provision of unreliable returns. Also, representatives of the Central Bank noted that the bank circumvented the regulator's restriction on accepting deposits from the population by issuing one Yugra share to each depositor.
On August 14, the media reported that one of the bank's shareholders could become Saudi Prince Al-Walid ibn Talal. The edition Forbes estimates its fortune in 17.7 billion dollars.
Judges and prosecutors have got an official permission for drunk driving. The MIA has amended the new Administrative Regulations of the State Road Traffic Safety Inspectorate; its officers can not bring to liability representatives of the judicature and watchdog agency anymore. State road traffic safety inspectors can not even prohibit an intoxicated special subject from driving a car. The CrimeRussia was figuring out how judges and prosecutors managed to obtain such an immunity.
Several years ago, owner of two dozen companies and media sources Elada Nagornaya was called the richest wife of an official. Now her husband Oleg Sorokin is in a pre-trial detention center, and she has successfully left for Europe with other family members.