Mezhprombank founders, executives suspected of causing damage to creditors

MOSCOW, August 9 (Itar-Tass) —— Founders and executives of Mezhprombank are suspected of causing 34 billion ruble damage to creditors with illegal actions, Russian Investigation Committee spokesman Vladimir Markin told Itar-Tass.

“Illegal actions and violations of laws, which regulate the activity of credit organizations, by the founders and executives of the International Industrial Bank (Mezhprombank) caused damage of over 34 billion rubles to creditors,” he said.

Markin did not say which companies sustained the damage.

The Committee’s Moscow office is investigating the case, Markin said.

“The criminal case was opened after Mezhprombank’s verification by the Russian Central Bank,” he said.

“Detectives are studying bank documents seized with court authorization. The names of companies that have sustained the damage cannot be revealed so far in the interest of the investigation and in compliance with the commercial and bank secret requirements,” Markin said.

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