Results of provisional administration-conducted inspection of financial standing of JSC East-Siberian Transport Commercial Bank
The provisional administration to manage Joint-stock Company East-Siberian Transport Commercial Bank (hereinafter, the Bank) appointed by Bank of Russia Order No. OD-2716, dated 19 October 2018, following the banking licence revocation, in the course of its inspection of the Bank, established evidence suggesting that the Bank’s executives conducted operations to either siphon off assets or conceal assets previously siphoned off — by making agreements to assign the Bank’s receivables, lending to borrowers with dubious solvency or unable to meet their liabilities to the Bank or abuse of authority.
The Bank of Russia submitted a claim to the Court of Arbitration of the Irkutsk Region to declare the Bank bankrupt. The hearing is scheduled for 29 April 2019.
In addition to the information sent earlier, the Bank of Russia submitted information on financial transactions bearing the evidence of criminal offence conducted by the Bank’s executives to the Prosecutor General’s Office of the Russian Federation and the Investigative Department of the Ministry of Internal Affairs of the Russian Federation for consideration and procedural decision-making.
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