On results of provisional administration-conducted inspection of financial standing of CB LIGHTBANK LLC

The provisional administration of CB LIGHTBANK LLC (hereinafter, the Bank) appointed by Bank of Russia Order No. OD-776, dated 29.03.2018, due to the revocation of its banking licence, encountered obstruction of its activity from the first day of its operations.

In contempt of the legislation of the Russian Federation, the Bank’s management failed to submit to the provisional administration original copies of loan documentation to a total of ca. 15 million rubles.

In the course of examination of the bank’s financial standing, the provisional administration revealed actions, performed by its former management and owners, bearing the evidence of theft of the Bank’s property and that of intentions to conceal previous asset withdrawal transactions. Also, in the course of its operations the provisional administration revealed a cash shortage to a total of over 144 million rubles.

The provisional administration estimates the Bank’s assets to total not more than 403 million rubles, vs 810 million of its liabilities to creditors.

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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