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Lawyer of Bank of Moscow’s former CEO refutes alleged criminal case against his client

May 12, 2012, 20:37 UTC+3
There is no official information about any criminal case or any account freezing
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MOSCOW, May 12 (Itar-Tass) —— A lawyer of former CEO of Bank of Moscow Andrei Borodin has refuted media allegations about a criminal case against his client in Switzerland and blocking of his accounts.

“The anonymous information disseminated by news agencies about an alleged arrest of the accounts of the former executives of Bank of Moscow in Switzerland is nothing more but another stage in a wide-scale campaign to discredit Mr. Borodin,” he told Itar-Tass on Saturday.

“There is no official information about any criminal case or any account freezing,” he stressed.

Earlier in the day, media reported that the Swiss prosecutor’s office has opened a criminal case against former first vice president of Bank of Moscow Dmitry Akulin on money laundry charges. According to reports, similar charges were brought against Bank of Moscow’s former president Andrei Borodin and Akulin’s and Borodin’s accounts with Swiss banks were blocked.

Nevertheless, the lawyer said he was not surprised to learn about “another insinuation.” In his words, it might stem from an action brought to the Russian Prosecutor General’s Office claiming that there are “numerous evidence that Moscow’s budget has never received the 103 billion roubles that were paid as far back as February 2011 for Bank of Moscow’s shares, which had been previously held by the city government.”

In Russia, Borodin and Akulin are accused of misappropriation of 12.5 billion roubles from the banks’ funds. According to investigators, in collusion with President of ZAO Kuznetsky Most Development Boris Shemyakin and director general of ZAO Premier Estate Svetlana Timonina, Borodin and Akulin committed a fraud by means of a 13-billion-rouble loan. The loan was issued to replenish Premier Estate’s cash reserves but in fact it was transferred to the accounts of the INTECO company, owned by Elena Baturina, the wife of Moscow’s former mayor Yuri Luzhkov. The former was interrogated as witness several times.

The Bank of Moscow’s CEOs are on the international wanted list.

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