During the inspection of financial standing of the credit institution the provisional administration of JSCB Strategy PJSC appointed by Bank of Russia due to the revocation of the credit institution’s banking licence, revealed suspicious operations of the former management and owners. These operations bear the evidence of siphoning off and substitution of liquid assets by assignment of claims on corporate and household loans in the amount of over 3.7 billion rubles to legal entities looking like shell companies.

Immediately before the revocation of its banking licence the bank purchased securities of companies with dubious solvency in a total amount of over 8.4 billion rubles.

According to the provisional administration estimate, the assets of JSCB Strategy PJSC do not exceed 4.7 billion rubles, whereas the bank’s liabilities to its creditors amount to 10 billion rubles, including those to households equal to 7.8 billion rubles.

The Bank of Russia submitted the information on the financial transactions bearing the evidence of the criminal offence conducted by the former management and owners of JSCB Strategy PJSC to the Prosecutor General’s Office, the Ministry of Internal Affairs and to the Investigative Committee for consideration and procedural decision making.