the Defendant in a criminal case is suspected of fraud in especially large size. The Basmanny district court of Moscow on 20 December last year was placed under house arrest. Then measure extended. But Tsikunov and his lawyers disagreed with the decision to extend the measure of restraint in the form of house arrest and complained to a higher authority. A Moscow city court considered the correct decision of the trial court and left the banker under house arrest.
the money of the founder of Baring Vostok will remain in custody
In this case, several of the defendants. According to investigators, the founder of Baring Vostok Michael Calvey with a top Manager of the investment Fund Philip Zelalem and “other unidentified persons” convinced the shareholders of the Bank “East” to vote for the conclusion of agreements on compensation, according to which instead of debt repayment “East” was transferred to 59.9 per cent stake in the company International Financial Technology Group. According to the RF IC, they are estimated at 3 billion rubles, while the real cost of 600 thousand. Baring the injury denies this agreement.
In late December, the investigation has reclassified the charges from fraud to embezzlement of funds of the “East” by issuing non-performing loan of 2.5 billion rubles “First collection Bureau”.
Attorneys involved in the case said that none of their clients pleaded not guilty.