Bank Russian Credit

History

2022

Persons involved in the case of embezzlement of billions from the bank received prison sentences and will have to reimburse 6 billion rubles

At the end of May 2022, the Khamovnichesky District Court of Moscow sentenced the person involved in the case of large thefts from the Russian Credit Bank. All of them were found guilty of embezzlement on an especially large scale (part 4 of article 160 of the Criminal Code of the Russian Federation).

According to the court's verdict, the maximum punishment - 13 years in prison - was received by the ex-deputy chairman of the board of Bank Russian Credit Dmitry Glazachev. Former adviser and assistant to the head of the credit institution Igor Leonov and Oksana Ivanova were sentenced to 11 and ten years in prison, respectively, and the court sentenced the ex-chairman of the bank's board Pyotr Ushanov to nine years in prison.

Former Chairman of the Board of Russian Credit Bank Pyotr Ushanov

Seven leaders of commercial organizations controlled by bankers were sentenced from 5.5 years to eight years in prison. According to the verdict of the court, all the defendants will serve their sentences in a general regime colony.

The court found that the embezzlement was committed in the interests of Anatoly Motylev, a beneficiary of the Russian Credit Bank, hiding abroad by the end of May 2022. According to Kommersant, the theft scheme began to work after, according to the investigation, at the direction of Anatoly Motylev, several "technical companies for transit operations" were "found" with funds from the Russian Loan. The executors, the case says, were the then advisers to the president of the bank Igor Leonov and the wanted Igor Zhlobitsky, as well as Motylev's assistant Olga Ivanova.

In the case, 11 people were accused. Investigative materials totaled 140 volumes. That was partly why the proceedings took so long. The Investigative Committee believes that the scams were committed from 2014 until the license was revoked in 2015. The bank eventually went bankrupt and owed 126 billion rubles to depositors.^[1]

Accusations against ex-bank employees

On May 4, 2022, the trial of 11 members of a criminal group that stole more than 17.6 billion rubles from Rossiyskaya Credit Bank began to announce the proposed terms. According to the prosecutor's office, the deputy chairman of the bank Dmitry Glazachev, as well as Igor Leonov and Olga Ivanova, deserve 14 years in prison.

According to the prosecutor, the former head of the supervisory block of the Bank of Russia Pyotr Ushanov and the general director of IKMA Igor Shvets deserve ten years in prison.

According to investigators, the largest scam was carried out by Mr. Motylev's subordinates in October 2014. Then Rossiyskaya Credit issued a total of 9.4 billion rubles to three LLCs, and mortgage participation certificates (ISU) "Beach of the Moon" were paid off with the bank, allegedly issued on the security of several plots of land on Rublevka. ISUs were not provided with anything.

In total, the bank ceased to exist with a debt of 126 billion rubles. The organizer of the schemes, Anatoly Motylev, was not punished and fled abroad.

2015

The Central Bank of the Russian Federation estimated the "hole" in the capital of the "Russian loan" at 111 billion rubles

The difference between the assets and liabilities of Russian Credit Bank is at least 111 billion rubles. This assessment was given by the representative of the Central Bank of the Russian Federation at a court meeting on the claim of the Bank of Russia to declare the "Russian loan" bankrupt by^[2] of the Russian ^[3].

Earlier, the Central Bank estimated the "hole" in the capital of the "Russian loan" first at 50 billion rubles, and then at 74.5 billion rubles.

The court agreed to declare Russian Credit bankrupt, Interfax^[4]proceedings have been opened against the bank for a period of 1 year, the duties of the bankruptcy trustee are assigned to the Deposit Insurance Agency.

License Revocation

In July 2015, it became known that the Central Bank of the Russian Federation revoked licenses from a group of banks Anatoly Motylev. The regulator said that Mr. Motylev's largest banking asset, Russian Credit Bank, as well as AMB Bank and M-Bank, was subjected to extreme measures of influence.

The Central Bank did not convince the arguments of the financier, who accumulated almost 70 billion citizens' funds in their banks. This is the largest insured event in the history of deposit insurance in Russia^[5].

According to the regulator, Mr. Motylev's largest asset, Russian Credit Bank, is deprived of a license for a high-risk credit policy and the provision of inaccurate reporting to the Central Bank, hiding "the existence of grounds for implementing measures to prevent insolvency." A temporary administration has been appointed at the bank.

2012: Georgian billionaire Ivanishvili sells bank to investor group

In May 2012, it became known that the Unicor group, owned by Georgian billionaire Bidzin Ivanishvili, signed an agreement with private investors to sell them the Russian Credit bank. The transaction amount is $352 million, and it is planned to be completed by September 1, 2012.

Among the investors are the head of Lanit Georgy Gens, the former owner of the Spasskiye Vorota insurance company Boris Khait, the former owner of Globex bank Anatoly Motylev, as well as Boris Pastukhov, Viktor Lukoyanov and Vladimir Faerovich^[6]

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