News

The investigative bodies of the Russian Investigative Committee for the Oryol region have initiated a criminal case against deputy of the regional Council of People’s Deputies, CEO and President of OAO “Orlovsky sotsialny bank” (Open Corp.) Nikolai Lisyutchenko. He is suspected of a crime under part 2 of article 201 of the RF Criminal Code (abuse of authority).

According to the investigators, Lisyutchenko, in the period from September 2010 to May 2012, using his powers to make deals on behalf of “Orlovsky sotsialny bank” and to control its finances and business operations, for his own personal profit, organized and issued more than 20 high-risk loans worth a total of 2 billion rubles, not having created any reserve funds for possible losses. Unlawful actions by Lisyutchenko entailed loss of bank liquidity and license. In addition, substantial harm was caused to rights and lawful interests of considerable number of citizens, for whom the bank did not fulfilled deposit commitments worth about 460 million rubles. The rights and lawful interests of bank investors have also been infringed.

At present necessary investigation and search operations are underway to establish all circumstances of the crime. The investigation is to be continued.