Taurus Bank (Chelyabinsk Komzembank)

2021: TFR charged in absentia with embezzlement of Oleg Belousov

Investigators of the TFR charged in absentia with multibillion-dollar embezzlement at Taurus Bank Oleg Belousov. He disappeared in Cyprus, and previously gained fame as a race car driver on Nissan GT-R. Earlier, he was sent to the international wanted list for involvement in the withdrawal of 550 million rubles through the technical companies of Promsberbank. It was reported that his colleagues Ivan Myazin and Boris Fomin were previously convicted and they will soon receive parole. All three closely collaborated with the former deputy head of the K department of the SEB FSBDmitriy Frolov, who at that time was being tried on corruption charges.

2015: License revocation

The Central Bank revoked its license from Taurus Bank in April 2015. Taurus Bank pursued a high-risk credit policy, did not create adequate reserves for possible losses on loans to the accepted risks, and did not comply with the requirements of the supervisory authority in terms of restrictions on individual banking operations. In addition, during 2014 and the first quarter of 2015, the credit institution was involved in transiting dubious operations, as well as operations to withdraw money abroad in large volumes. The management and owners of the bank did not take the necessary measures to normalize its activities.