OREANDA-NEWS. The provisional administration of JSCB Benefit-bank (CJSC) appointed by Bank of Russia Order No. OD-2980, dated 2 November 2015, due to the revocation of its banking licence, revealed operations of the former management of the bank having signs of asset withdrawal via a transaction to transfer federal loan bonds worth 3.7 billion rubles for trust management purposes to what looks like a dummy company as well as by way of extending loans in the amount of approximately 840 million rubles to companies with dubious solvency.

According to the estimate by the provisional administration, the assets of JSCB Benefit-bank (CJSC) do not exceed 7.7 billion rubles, whereas the bank's liabilities to its creditors amount to 11.4 billion rubles.

On 21 January 2016, the Court of Arbitration of the city of Moscow ruled to recognise JSCB Benefit-bank (CJSC) insolvent (bankrupt) and initiate bankruptcy proceedings with the state corporation Deposit Insurance Agency appointed as a receiver.

The Bank of Russia submitted the information on the financial operations performed by the former management and owners of JSCB Benefit-bank (CJSC) which bear the evidence of the criminal offence to the Prosecutor General's Office of the Russian Federation, the Ministry of Internal Affairs of the Russian Federation and Russian Investigative Committee for consideration and procedural decision making.