Accusation of embezzlement and arrest of ex-banker “RUSKOBANK”

The Main Investigation Department of the Russian Federation initiated criminal proceedings against the ex-beneficiary of JSC “RUSKOBANK” Khachatur Muradov.

During the interrogations of the ICR, he was charged with embezzlement on an especially large scale. It follows from the materials of the criminal case that the defendant allowed unsecured loans to shell companies, as well as loans secured by securities that were already encumbered by other banks. The investigating authorities announced that Muradov contributed to the illegal withdrawal and theft of funds from a financial institution in the amount of about 1 billion rubles.

We are talking about the theft of the assets of “RUSKOBANK” before its license was cancelled.

Joint Stock Company “RUSKOBANK” was one of the largest credit and financial institutions in the Leningrad region. In 2016, the decision is made by the Central Bank of Russia to revoke the license from a credit institution. The reason for this extreme measure was the credit institution’s multiple non-compliance with regulations and federal laws.

JSC “RUSKOBANK” followed a strategy that was distinguished by risky lending and a focus on investing in assets with low creditworthiness, did not comply with laws and regulations in terms of countering the legalization of funds obtained by criminal means.

The Investigative Committee sent a petition to the district court for the election of a strict preventive measure-arrest in respect of the defendant. The rationale for such a decision was the following points: remaining at large, the accused has the opportunity to hide from the preliminary investigation and court, intimidate witnesses in order to give false testimony in his interests, interact with accomplices in the case, create a common position with them to oppose the investigation, put pressure on other participants in criminal proceedings and otherwise interfere with the conduct of the investigation.

The ex-banker’s lawyer claimed that the charges were unconfirmed and unsubstantiated facts, and his client announced his intentions to cooperate with the investigation.

After listening to the arguments of all the parties involved in the case, the judge ruled that the charge was justified in committing an intentional and socially dangerous act falling under the category of grave hzikhidtidekrt crimes.

On July 31, in Moscow, the ex-banker was arrested and sent to a pre-trial detention center until the end of August.