The investigating bodies of Saint-Petersburg Main Investigations Directorate of the Russia’s Investigative Committee have charged in absentia Oleg Shigayev, 52, with crimes under part 4 of article 159 of the RF Penal Code (fraud), paragraph “b” of part 4 of article 174.1 (money laundering). He has been put on the federal wanted list.

According to investigators, Shigayev while being the President of OAO Baltisyky Bank used his position and demanded from the members of the loan committee to agree to give loans to ZAO Izhant and ZAO Kassiopea under his control. After that in the period between June and August 2014, over 3 billion 370 million rubles was transferred to accounts of the said companies. The accused spent the money on his needs and laundered the money.

Investigative and search operations are underway to gather and consolidate the evidence.

Head of Media Relations                                                                                                                                  V.I. Markin