On results of inspection of financial standing of Joint-stock Company Taatta Bank held by provisional administration

The provisional administration to manage Joint-stock Company Taatta Bank (further referred to as the Bank) appointed by Bank of Russia Order No. OD-1684, dated 5 July 2018, following banking licence revocation, in the course of its investigation into the Bank’s financial standing established that the Bank’s management conducted operations which suggest theft of funds and other valuables to a total of 4.2 billion rubles.

The Bank of Russia applied on 24 July 2018 to the Court of Arbitration of the Republic of Sakha (Yakutia) to declare the Bank bankrupt. The hearing is scheduled for 21 August 2018.

The Bank of Russia submitted the information on the financial transactions bearing the evidence of criminal offence conducted by the Bank’s executives to the Prosecutor General’s Office of the Russian Federation, the Ministry of Internal Affairs of the Russian Federation and the Investigative Committee of the Russian Federation for consideration and procedural decision making.

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