A representative of the Investigative Committee of Russia (ICR) confirmed to Vedomosti that criminal proceedings of fraud have been initiated against Anatoly Motilev, the former owner of Russian Credit Bank. According to the representative, the proceedings have been instituted under the article № 159, part 4 of the Criminal Code: «Large-scale-fraud committed by an organized group».
According to a representative of the Deposit Insurance Agency (DIA), the state corporation also knows about the criminal proceedings against Motilev in connection with bankruptcy of the banks from his banking group.
Kommersant reported in May with reference to the sources close to the investigation that the criminal proceedings will focus on the manipulation with 1.25 billion rubles in M Bank. The investigators consider that these funds were transferred from the accounts of the companies actually operating in M Bank to by-night firms, they were cashed out and stolen. According to the investigators, withdrawal of assets from M Bank was carried out in the interests of the «ultimate owner» and of certain entities not found by the ICR.
It follows from the materials of the Moscow City Court that the court seized the property of Motilev- six plots of land and two houses (the area and the address are not disclosed). According to the interlocutor of Vedomosti, Motilev is now in London and works there in a finance company. Vedomosti note that it was impossible to confirm it because his female assistant refused to talk without a lawyer.
