Bank of Moscow has demanded to investigate the sale of its assets

VTB has lost control in the two Baltic subsidiary of Bank of Moscow - in Estonia and Latvia. In this part of ex-president of Bank of Moscow Andrey Borodin in the sale of Estonian bank VTB sees as a deliberate withdrawal of assets. The new owner of Bank of Moscow declares its intention to challenge the transaction, which can be used as a new tool of information pressure on former top managers of the Bank of Moscow from abroad. About this newspaper writes "Kommersant" on Wednesday, May 11. Tuesday, May 10, Bank of Moscow issued a statement stating that he became aware of the commission of an unauthorized transaction for the sale of 26% of the Estonian Credit Bank (30 September 2010, a group of Bank of Moscow "owned 92% of the ECB) for 6.99 million euros. Based on this price, the entire pot is estimated at about 1 billion rubles. (25,500,000 euros) This is directly owned by Bank of Moscow is only 43,8% ECB, the rest of the package belonged to other entities of the group. Now the Bank's share of Moscow in the ECB - 16.22%. "Employees of the Bank of Moscow, whose duties include the preparation of such transactions were not informed of the impending sale of any shares of ECB," - said the press service of the Bank of Moscow. There argue that the April 21 Bank of Moscow has received a copy of the contract of sale of securities ECB concluded on March 24. "Under the agreement, Bank of Moscow, represented by AF Borodin, who was president of the bank, sell the stake in OU" Firmex Inversteeringud "in the face Liyva Kluge, a close relative predpravleniya ECB Andrews Kluge" - press service reported. The deal is contested on the grounds that the contract is worth printing the old model, which is no longer valid. The bank management has petitioned to the Investigation Committee under the Ministry of Internal Affairs to conduct the examination in respect of this transaction "and bring the perpetrators involved in the withdrawal of the assets of the Bank of Moscow, to criminal liability under applicable law." As noted by Kommersant, the scheme of the Group in the Bank of Moscow "in its Estonian subsidiary, was multi-layered. At the end of 2010, 48.99% owned directly ECB Bank of Moscow. 27,6% ECB has been issued to the ownership of another structure of the Bank of Moscow - Latvian Business Bank, the sale of which became known in late April. And the deal April 26, is unchallenged. Another 20% of the Estonian Credit Bank belong to two offshore companies, beneficiaries of which are unknown. At the beginning of 2011 the Estonian capital of the loan the bank made 34.6 million euros, thus, the package was sold by a factor of 0,8% of capital, estimated to lead CEA MIFP Sergei Moiseyev. "By the end of 2010 the bank has a negative return on equity, and such a discount is adequate for the loss-making bank," - points to the expert. "However, we must understand that the Bank of Moscow until the arrival of Michael Kuzovleva (new predpravleniya Bank, a former top manager of VTB) and the bank with him - they are two different bank - said the deputy director of the department of banking audit FBK Roman Konigsberg .- Not surprisingly, his actions former Head - Andrei Borodin, whose resignation took place in scandalous circumstances, classified as a violation of corporate procedures. Although I am not surprised that he acted within its existing powers. " If the price of the transaction does not cause issues with the experts, the date of the transaction - March 24 - drew attention to themselves. As you know, on March 25, that is, the day after the deal with Estonian asset, the Chamber issued a multifaceted critique of former top managers of the Bank of Moscow, including putting the question of whether the loan company Premier Estate on almost 13 billion rubles. (Now Andrei Borodin accused of exceeding his authority on the issuance of the loan). The same day, Mr. Borodin had gone to London and returned to Russia, citing health. The desire of the new owners of the Bank of Moscow to question the sale of Baltic's assets may be related to accusations against former top managers of the bank of Moscow in the withdrawal of assets, according to experts interviewed by the magazine. Information about the presence in the group of units is indirect evidence that the charges against former top managers of the Bank of Moscow may be unfounded. Note that on May 10 in an interview with RIA Novosti Andrei Borodin said that the leadership of VTB, which owns 46.48% stake in Bank of Moscow, were informed of the sale of a package of Capital Bank in Estonian Credit Bank. "In the tenth week of March a meeting of management of the Bank of Moscow with representatives of the VTB, which was attended by (head of VTB), Andrei Kostin, and myself. We discussed the current situation in the bank, the results of due diligence, which carried out the VTB. Kostin said that VTB does not need 43% of the Estonian Credit Bank, and asked to find a buyer. We did it. The transaction took place in the 20 days of March. All the talk about the fact that someone knew about the deal, not baseless, "- Borodin told the agency.