The State Duma calls on Kudrin explanation

State Duma sent a parliamentary inquiry addressed to the Vice Premier, Finance Minister Alexei Kudrin. It Duma members are asked to explain why established Insurance company AIZHK and demand tell us about the work of the Agency for Housing Mortgage Lending (HMLA). Earlier, the State Duma Committee on financial markets has sent a request to the agency, but no reply received. The request, sent Kudrin noted that in accordance with the law "On additional measures to support the Russian financial system," VEB until June 1, 2010 are entitled to grant HMLA loans at a rate of 9.5% APR for up to 1 June 2020. Federal authorities also sent a budget provision of the charter capital of the HMLA. Recall that the supervisory board HMLA late last year decided to create the "Insurance Company AIZHK with an authorized capital of $ 1.5 billion. HMLA Charter does not provide for such activities as insurance. In this regard, the deputies have doubts whether to call such an expenditure target. The deputies did not stop there. They asked the Ministry of Finance to provide complete information about authorized financial institutions, serving the mortgage, redeemable HMLA, analytical information on the composition of the portfolio of mortgages HMLA for 2008-2009 (including its share of outstanding mortgages). In addition, the Treasury will have to send the information to ensure the implementation of overdue mortgages redeemed HMLA for 2008-2009 (the total amount applied discount), a complete list of founders of the "Insurance Company AIZHK with the proportion of participation of each of the founders. In addition, the deputies want to understand the concept of "insurance company AIZHK. They even know what kinds of risks will be borne by the planned financial performance of the company. The request referred to the desire of members to get full information about the planned operating performance of insurance company: the number of employees, size of transaction costs, as well as other information that guide HMLA deems necessary to inform the context of whether an insurance company. Naturally, the Duma members want to get the answer to why AMZHK not provide all this information at the request of the State Duma.