OREANDA-NEWS. December 29, 2011. Upon request of the Bank of Moscow the Investigation Committee for the Vologda Region has initiated a criminal case with regard to the facts of large-scale fraud. In the course of investigation it has been established that Nikolai Golubin, the former director of the Vologda branch, was involved in the crime as he had organised the extending of a priori unrecoverable loans to the benefit of the companies managed by his son Sergei. As a result of the Golubins’ illegal actions serious damage was caused to the Bank.

On 26 December 2011 Nikolai and Sergei Golubin were apprehended and taken in custody. To date, along with fraud they have been charged with the organisation of a criminal conspiracy and with the legalisation (laundering) of criminally derived money.

The Bank has pointed out that within the framework of law it will consistently strive for the recovery of the stolen funds and the punishment of all the persons involved in said crime. The Bank of Moscow offers its comprehensive assistance to the law enforcement authorities in the investigation of this and any other criminal cases initiated at the Bank’s request.