News

Based on the materials provided by the Central Bank of Russia, the Head Office of the Investigative Committee has initiated criminal proceedings in fraud under Part 4 of Article 159 of the RF Criminal Code after AKB Finprombank (PAO), a public company.

According to investigators, in late 2015 and early 2016, some yet unidentified persons defrauded Finprombank of more than 5.6 billion rubles by signing a number of contracts they had no intentions to execute.

On 19 September 2016, the Bank of Russia revoked the license of Finprombank as it had failed to comply with federal laws and legal acts of the Bank of Russia and was unable to pay back its loans. The Moscow Commercial Court declared Finprombank bankrupt.

At present, investigative and search operations are underway to identify all the people involved in the defrauding and find out all the circumstances surrounding the crime. The investigators are going to give all-round legal assessment to the actions of all those involved in the fraud and take all necessary steps to reimburse the damage.

Spokesperson for the Investigative Committee                                                                                          Svetlana Petrenko