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“Motor Bank: Boguslayev deprived of control

Mattew Couper by Mattew Couper
12/11/2022
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National Bank suspends Vyacheslav Boguslayev from managing Motor Bank

The NBU has found the business reputation of Vyacheslav Boguslayev to be flawed and banned him from using his voting rights in Motor Bank, SJG writes.

The National Bank of Ukraine has ruled that the business reputation of the sole shareholder of Motor Bank JSC, Viacheslav Boguslayev, is flawed. He has been prohibited from exercising his voting rights in respect of 100% of the bank’s shares for a period of one year. This is stated on the official website of the NBU.

The reason for the decision was that the NBU received information that Boguslayev had been a citizen of the Russian Federation since 2000.

In accordance with the Law on Banks and Banking Activity, the right to vote on the bank’s respective shares, as well as the right to participate in the bank’s management is transferred to a proxy appointed by the National Bank, the press service said.

Earlier, Danilov said that the seized assets of companies linked to Kolomoyskyy and Boguslayev have acquired the status of military property and were transferred to the management of the Defence Ministry.

In addition, the property of Motor Sich’s management worth almost a billion hryvnias was seized.

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Tags: assetsClimate ChangeMotor BankNABUseizureVyacheslav Boguslayev
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