The Zurich District Court declared bankrupt the former owner of Rossiyskiy Kredit Bank Anatoly Motylev. Now the creditors of the 56-year-old ex-financier have the opportunity to get to his assets in Switzerland, Kommersant writes.
Motylev was declared bankrupt by the Russian and English committees of creditors represented by the bar association GR legal, representing the interests of the Deposit Insurance Agency (DIA).
“A bankruptcy decision issued abroad against a debtor is recognized in the territory of the Swiss Confederation,” the Zurich District Court said in its verdict. Back in November 2020 Motylev declared bankrupt by the High Court of London.
“We expect to return the assets withdrawn from Russia”
After the decision of the Zurich court, the Russian side got the opportunity to transfer the transactions that Motylev made in Switzerland to the criminal plane. Part of the funds allegedly illegally withdrawn by the banker from Russia can still be, in particular, on accounts at Credit Suisse. Previously, due to banking secrecy, creditors could not obtain information about Motylev’s assets, but after a court decision, they can at least be frozen. […]
Kommersant, 10/17/2022, “Anatoly Motylev got caught in Switzerland”: “In Switzerland, the bankruptcy procedure for Anatoly Motylev was initiated by an English financial manager in connection with the requirement of local laws,” Irina Shoch, chairman of the GR legal bar, told Kommersant. the trustees are essentially the bankrupt office of the English trustees in this country and we expect them to have practical control over their activities. Further, it is planned to file a petition to initiate a criminal case, within the framework of which we expect to return the assets withdrawn by Mr. Motylev from Russia.” — Inset K.ru
The total amount of claims against Motylev is 40 billion rubles. Of these, the ex-banker owes 35 billion rubles to Russian Credit, the remaining 5 billion rubles to other creditors.
The collapse and flight of Motylev
Motylev came under criminal prosecution in December 2015. The Investigative Committee opened two criminal cases against the banker for fraud on an especially large scale due to embezzlement of funds in Rossiyskiy Kredit and M-bank.
Under the control of Motylev were five bankrupt credit institutions and seven non-state pension funds. All of them were revoked by the Central Bank in 2014-2015. The debt of Russian Credit, the banker’s largest asset, amounted to more than 130 billion rubles.
In December 2017, the Moscow City Court recognized Motylev’s absentee arrest in criminal cases as legal, and the businessman was put on the international wanted list. The ex-banker managed to leave the country and, according to some reports, lives in London. February 2018 The Moscow Arbitration Court declared him bankrupt.
According to the verdict of the Russian courts serving terms from 5.5 before 11 years 11 bankers and merchants acting on Motylev’s orders.