Investigation into the management of Finance and Credit Bank completed
1 October 2024 11:53
The investigation into the Chairman of the Board of JSC Bank Finance and Credit and his two deputies has been completed. They are charged with participation in a criminal organisation and embezzlement of property entrusted to them. This was reported by the Prosecutor General’s Office, "Komersant Ukrainian" reports.
According to the investigation, the members of the criminal organisation, being members of the bank’s credit committee, in 2010 issued loan agreements to a newly created legal entity controlled by the owner of the financial institution. It had no working capital or credit history, and did not own any property.
Subsequently, the defendants drafted foreign economic contracts between the enterprise on the one hand and non-resident companies controlled by the organiser on the other hand to use them as a basis for the borrower to withdraw funds from the bank.
As a result, hundreds of millions of loan funds were illegally withdrawn from the bank’s accounts. Subsequently, they were transferred to the accounts of non-resident companies that are also controlled by members of the criminal organisation. In other words, more than UAH 608 million was actually withdrawn from the territory of Ukraine and not returned to the bank.
The suspects are currently in custody. The bank’s executives and their defence lawyers were informed of the completion of the pre-trial investigation and provided with access to the materials in accordance with Article 290 of the CPC of Ukraine.
An investigation is also underway against the actual owner of JSC Bank Finance and Credit on the facts of creating and participating in a criminal organisation, embezzlement and legalisation of the proceeds of crime.
