Russia – Former officers of bankrupt bank arrested on suspicion of deliberate bankruptcy

On 17 November it was revealed by the Interior Ministry that on the previous day three former officers of the defunct bank “Troika” (АКБ “Тройка” ОАО) had been arrested in Moscow.  The former chairman and two other unidentified former officers were arrested in connection with a criminal case filed in October against former executives of the bank involving the crime of deliberate bankruptcy (преднамеренное банкротство).

Troika, a small bank headquartered in Moscow, had its license revoked by the Bank of Russia on 20 October 2010 for having fallen below minimum requirements both for capital and for own funds.  The bank was declared bankrupt by the Moscow Arbitration Court on 30 December 2010, at which time Russia’s deposit insurance agency (Агентство по страхованию вкладов – ASV) was appointed administrator for the bank’s liquidation.  After various liquidation proceedings, auctions, and recovery actions, on 13 June 2012 the ASV lodged with the Interior Ministry a formal complaint against the bank’s former officers, accusing them of the offense of deliberate bankruptcy under Art. 196 of the Criminal Code.

At the time of license revocation in October 2010 the bank’s paid-in capital was calculated at 31,900,000 RUB (734,000 EUR).  On 1 January 2010 the bank’s total assets had equaled 325,273,000 RUB (7,484,000 EUR), and as of 1 September 2012 the total of debtor claims yet to be recovered stood at 213,910,000 RUB (5,486,194 EUR).

Sources:

News: В Москве задержаны руководители банка "Тройка" (2012-11-17 09:45)

ASV information page on the bank: Ликвидация банков - «Тройка» АКБ (ОАО)

Central Bank data page for the bank: Акционерный коммерческий банк "Тройка" (открытое акционерное общество)

Mark Pleas

Eastern Europe Banking & Deposits Consultant

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