On results of inspection of financial standing of non-bank credit institution LEADER (JSC) by provisional administration

The provisional administration to manage non-bank credit institution LEADER (JSC) appointed by Bank of Russia Order No. OD-939, dated 13.04.2018, due to the revocation of its banking licence, in the course of examination of the institution’s financial standing has revealed foreign exchange operations at non-market prices aimed at concealing the theft of funds from cash desks of the institution’s internal structural divisions.

Stocktaking conducted by the provisional administration has revealed the lack of certain property listed on the balance sheet of non-bank credit institution LEADER (JSC).

The provisional administration estimates the value of the institution’s assets to be no more than 292 billion rubles, whereas its liabilities exceed 383 billion.

On 03.07.2018, the Arbitration Court of the City of Moscow recognised non-bank credit institution LEADER (JSC) as insolvent (bankrupt). The State Corporation Deposit Insurance Agency was appointed as a receiver.

The Bank of Russia submitted the information on the financial transactions bearing the evidence of criminal offence conducted by the former management and owners of non-bank credit institution LEADER 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.

The reference to the Press Service is mandatory if you intend to use this material.