Withdrawal from Avtokrazbank on the eve of the recognition of its insolvency occurred through the lending and guarantees of related companies ‘ shareholders. This Deposit guarantee Fund of individuals (fgvfl) reports on the official website.
A large part of the securities pledged as collateral for battery Bank are ordinary registered shares of the company southern transportation. The total amount transferred to the provision for loans of such stock – 18, 25 billion pieces.
The national Commission on securities and stock market in 2015 turned South transport in the list of issuers with signs of fictitiousness. According to the latest posted annual financial statements, the company is unprofitable, besides, she was on the temporarily occupied territory of Crimea.
Decisions taken at meetings of the credit Committee of the Bank, with the participation of members of the management Board, which concerned the provision of loan funds or change of credit conditions of borrowers have not only been known for certain of the Bank Supervisory Board, but was also consistent with him, says the DGF.
Damage as a result of such actions exceeded 700 million, or 2/3 of the total loan portfolio of the Bank.
Avtokrazbank acted as guarantor on the loan, which the Austrian Meinl Bank has given the Cypriot company Agalusko Investment. To secure the loan transferred cash of $9 million in the correspondent account of the Bank in the Austrian financial institution.
In the DGF reported that on the specified facts criminal proceedings are opened.