OREANDA-NEWS. In the course of supervision over the activity of Dagenergobank LLC the Bank of Russia revealed considerable unreliability of the bank's statements presented to the Bank of Russia as they did not reflect its real financial standing and did not consider or only partially considered the bank's failure to fulfill its obligations to the creditors.

In this regard the Bank of Russia demanded Dagenergobank LLC twice to present reliable statements which were left unmet by the bank.

The presenting of reliable statements by Dagenergobank LLC would have revealed grounds to revoke its banking licence stipulated by Clause 4 of Part 2 of Article 20 of the Federal law 'On Banks and Banking Activity'.

Thus, the management of Dagenergobank LLC concealed from the supervisory authority the grounds set by Russian legislation for the obligatory revocation of its banking licence that bears the evidence of a criminal offence specified in Article 172.1 of the Criminal Code of the Russian Federation.

By its Order No. OD-617, dated 24 March 2015, the Bank of Russia revoked the banking licence from Dagenergobank LLC.

The Bank of Russia has submitted the information on the activity of the management of Dagenergobank LLC bearing the evidence of a criminal offence to the Investigation Committee of the Russian Federation for consideration and procedural decision making.