The official spoke on the fate of the proceeds of the Bank of Moscow money

Proceeds from sale of shares of Bank of Moscow to $ 103 billion rubles. go to the budget of Moscow for a year, said zammera capital on economic issues Andrei Sharonov after the former president of Bank of Moscow Andrey Borodin asked the Prosecutor General's Office to trace where the money came from the sale of assets. Reported by the Herald on Tuesday, April 26. "They (drugs) received in the SPV and within a year will go to the city budget", - said Sharon. SPV or SPE (from the English. Special purpose vehicle) - a special purpose vehicle, or "project company" created to implement a project or for a particular purpose. In particular, SPV used during the placement of securities (Eurobonds and shares). The origin of this SPV Sharon said, said Gazeta.ru. Sharonov added that some of the money "is already listed in the form of dividends and the rest will be credited in this fiscal year. The Moscow City Government in February sold a 46.48% stake in VTB Bank of Moscow and 25% plus one share of Capital Insurance Group, which owns 17.32% stake in the bank, for a total of 103 billion rubles. After that, between VTB and the former leadership of the bank, headed by Borodin conflict flared.