Baltika Battery

History

2022

Co-owner of Baltika Bank Vlasov Oleg was sentenced to 7 years in prison for scams with pension fund funds

On September 26, 2022, it became known that the Zamoskvoretsky Court of Moscow sentenced persons who stole 181.7 million rubles from clients of the First Russian Pension Fund (PRPF). Co-owner of Baltika Bank and member of the board of directors of the PRPF Oleg Vlasov was sentenced to 7 years and Anna Khokhlova, general director of the Empayr trust investment company, was sentenced to 5.5 years. Read more here.

Top managers of the bank sent under house arrest

The Basmanny Court in September 2022 sent under house arrest former top managers of Baltika Bank. Among them: board members Galina Rogovets and Oleg Klepikov, accountant Liubov Zarubina.

They are accused of stealing about 900 million rubles from the bank shortly before revoking his license. The bank lost her in November 2015.

2021: Supreme Court of the Russian Federation exempts top managers of bankrupt banks from liability

In October 2021, the Supreme Court of the Russian Federation issued a decision limiting the possibility of bringing bankers to subsidiary liability for the debts of their credit institution. The precedent was the bankruptcy case of Baltika Bank. The Deposit Insurance Agency (DIA) demanded that five top managers of this credit institution be brought to subsidiary liability for 11 billion rubles, linking their claims with unprofitable transactions and the formation of bad debts.

The court of first instance previously brought to subsidiary liability two out of five managers, and three more were added to the case as part of appeals and cassation, transfers Kommersant"."

As part of the complaint filed with the Supreme Court, the two defendants referred to the fact that they did not participate in the issuance of problem loans, and the debts on the agreed loans were at least partially, but were returned - it turns out that they were not guilty. As a result, the RF Armed Forces acquitted two top managers brought to justice for the first time, refuting the DIA accusations.

As justification, the judges emphasized the need to take into account the materiality of the impact on the financial consequences exerted by the decisions. The bank was large, and the activities of issuing loans in it were carried out by a large staff of specialists in accordance with strictly regulated processes. The actions of senior management cannot be considered actions that directly led to bankruptcy, the court decided.

In relation to the controversial borrowers of Baltika, an audit was carried out, the financial condition was assessed, there are professional judgments and information about the collateral. There is no evidence that the defendants signed loan agreements contrary to the conclusions or without the approval of the relevant committees, as well as evidence of their connection with borrowers.

Lawyers interviewed by the publication note that with such a decision of the Supreme Court, the Deposit Insurance Agency will no longer be so easy to prove guilt, and at the same time the risk of abuse by unscrupulous bankers increases.^[1]

2015: License Revocation

The Central Bank revoked the license from the Moscow bank Baltika in November 2015. The bank was a member of the deposit insurance system. As of October 1, 2015, it ranked 150th in the Russian banking system in terms of assets.

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