Ulyukaev voluntarily resigns as Head of VTB Bank Supervisory Board

Ulyukaev voluntarily resigns as Head of VTB Bank Supervisory Board
Aleksey Ulyukaev

Aleksey Ulyukaev, the former Head of the Ministry of Economic Development of the Russian Federation, has voluntarily left the VTB Bank Supervisory Board. He has sent a corresponding note to the Bank management.

The note dated December 22, 2016 states that Ulyukaev voluntarily resigned as the Head of the Bank Supervisory Board and left the Board, according to the Interfax media outlet.

May we remind you that Ulyukaev was arrested when he was taking a $2 million bribe from Rosneft representatives on the night of November 15, according to investigators.

Ulyukaev demanded the money for a positive assessment of the upcoming purchase of the Bashneft Oil Company’s assets by Rosneft, according to the investigators. Vladimir Putin, the Russian President, dismissed Mr Ulyukaev from the position of the Minister several days later.

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