On the results of examination of the financial position of CB OGNI MOSKVY LLC conducted by the provisional administration
The provisional administration of CB OGNI MOSKVY LLC appointed by Bank of Russia Order No. OD-1047 dated 16 May 2014 due to the revocation of the banking licence of the bank established the fact of ad hoc record of liabilities to depositors.
Amid the restrictions on the attraction of household funds to deposits the management of the bank arranged the deposit taking with further record of debit transactions on deposits not performed by the holders.
As a result, the accounting data and financial statements of the bank did not reflect real liabilities to individuals.
The provisional administration and the state corporation Deposit Insurance Agency currently restore information on the bank’s liabilities to depositors in order to provide deposit insurance payments in accordance with Federal Law No.
The provisional administration has revealed transactions which may indicate that the former management and owners of CB OGNI MOSKVY LLC withdrew assets from the bank. According to the preliminary results the volume of assets of CB OGNI MOSKVY LLC is estimated in the amount of 3.7 bln. roubles, while the liabilities amount to 15.9 bln. roubles.
In these conditions the Bank of Russia filed an application to the Arbitration court of the city of Moscow on 26 May 2014 on recognising CB OGNI MOSKVY LLC insolvent (bankrupt). The hearing of the case is scheduled for 27 June 2014.
The Bank of Russia submitted the information on financial transactions bearing the evidence of the criminal offence conducted by the former management and owners of CB OGNI MOSKVY LLC to the General Prosecutor’s Office of the Russian Federation and the Ministry of Internal Affairs of the Russian Federation for consideration and procedural decision making.
The reference to the Press Service is mandatory if you intend to use this material.
16.06.2014 00.00.00