The former owner of “Standart” Bank suspected in the embezzlement of funds of the financial establishment was put on the international wanted list as the press service of Deposit Guarantee Fund reported.
Thus, it is established, that in 2013-2015 the owners and officials of the “Standart” Bank organized the illicit scheme of the illegal financial operation on the issuance of the credit facilities with the involvement of the workers controlled by the bank. As a result, the range of the decisions on the provision of the credits in the sum of more than $32.4 million to companies with the signs of the fictitious nature was made.
Then the issued credit facilities were transferred to the accounts of the fictitious enterprises and front individuals for the conversion of the non-cash facilities to cash and their withdrawal at the bank cash departments, payments on the fictitious exchange contracts.
“The funds were provided in accordance with the credit agreements, in fact, without the provision with the term of some kind of the “delayed” provision of assurance up to the end of the month. During the last days of the month, the assurance was processed “on paper” and it was released from the encumbrance in the first days of the month. At the same time, a few economic entities controlled by the bank usually stood as the mortgagors. Thus, on the basis of the mentioned credit agreements, the factual withdrawal (embezzlements) of the funds from bank took place and imitation of the assurance in form of the NBU,” the fund said.
It was also noted that the credit of the legal persons are the substantial group of the bank assets and makes almost 98% of the confirmed liquidation mass – $31.1 million, while their market cost was established as 30 times lower - $1 million. Consequently, the cost of all bank’s assets “on paper” was almost $32 million and their estimated cost made 20 times lower – $1.4 million.
“According to the illicit actions of the ex-owners and officials of “Standart” Bank on the misappropriation of the funds of this bank, the data on the commitment of the offenses was registered by Chief Investigation Department of the State Fiscal Service of Ukraine and the head of the active operations department and acting Chairman of the Executive Board were notified suspicion. Moreover, the ex-owner of the bank was notified suspicion; he was put on the wanted list and the court allowed his arrest. He is wanted, including by Interpol,” the message said.
On June 18, 2015, the National Bank of Ukraine made a decision on the recall of the bank license and liquidation of “Standart” Bank.
In 2016, head of one of the bank’s department was arrested. The Security Service of Ukraine established that the official withdrew more than $32.2 million of the contributors under the direction of TOP-management.