Article: Russian ‘Bad Debts’ Banks Expand Fraud Suits Against Ex-Top Managers and Ex-Owners

Article - Media, Publications

Russian ‘Bad Debts’ Banks Expand Fraud Suits Against Ex-Top Managers and Ex-Owners

Dispute Resolution, 14 September 2020

Russian state-controlled lenders The Bank of Non-Core Assets (Bad Debts), created on the basis of National Bank Trust PJSC, and the bank FC Otkritie continue expending anti-fraud litigations against their Ex-Top Managers and Ex-Owners.

Recently, the lawsuit was filed in the United States against the former founder of financial group Otkritie Holding, Vadim Belyaev. The statement of claim entered the electronic database of the court in the New York area of ​​Manhattan. Continue reading “Article: Russian ‘Bad Debts’ Banks Expand Fraud Suits Against Ex-Top Managers and Ex-Owners”

Article: Two Russian financiers who used Bruce Willis as the face of their collapsed bank face having their UK riches seized after racking up £730m debts amid claims they siphoned off customers’ savings

Article - Media, Publications

Two Russian financiers who used Bruce Willis as the face of their collapsed bank face having their UK riches seized after racking up £730m debts amid claims they siphoned off customers’ savings

KATE DENNETT, 16 May 2020

Two Russian bankers, who lived in luxury in England, face having their assets seized by financial investigators after they were declared the second-biggest bankrupts in British history.

Financial investigators are searching to claim former Russia’s National Bank Trust (NBT) shareholders Ilya Yurov and Nikolay Fetisov’s assets. This comes after they were accused of siphoning off customers’ savings through a network of shell companies, The Times reported. Continue reading “Article: Two Russian financiers who used Bruce Willis as the face of their collapsed bank face having their UK riches seized after racking up £730m debts amid claims they siphoned off customers’ savings”