OREANDA-NEWS. The provisional administration of Taurus Bank (JSC) appointed by Bank of Russia Order No. OD-887, dated 24 April 2015, due to the revocation of its banking licence encountered an obstruction of its activity starting the first day of performing its functions.

The management of Taurus Bank (JSC) avoided passing over to the provisional administration right-establishing documents on the loans on the bank balance sheet worth 1.9 billion rubles that could bear the evidence of the attempt to conceal documentary confirmation of the facts of diverting assets from the bank. Besides, the provisional administration has established facts of moving out assets from the bank through acquiring known illiquid shares worth 1.6 billion rubles.

The examination launched by the provisional administration revealed that the asset value of the bank did not exceed 981 million rubles, while its liabilities to creditors amounted to 4,684.6 million rubles.

On 30 June 2015, the Court of Arbitration of the city of Moscow took a decision to recognise Taurus Bank (JSC) insolvent (bankrupt) and to initiate bankruptcy proceedings with the state corporation Deposit Insurance Agency appointed as a receiver.

The Bank of Russia has submitted the information on the financial transactions bearing the evidence of criminal offences conducted by the former management and owners of Taurus Bank (JSC) to the Prosecutor General's Office of the Russian Federation, the Russian Ministry of Internal Affairs and the Investigation Committee of the Russian Federation for consideration and procedural decision making.