Russia: Probusinessbank’s $30 mln claim against ex-CEO of collector agency set for late June

The Moscow Commercial Court on June 24 will proceed with an application lodged by Probusinessbank seeking to collect over 2 billion rubles (about $30  million at the current exchange rate) from ex-CEO of Life collector agency Sergey Kalachev sentenced earlier to 6.5 years in prison for embezzlement of the bank’s funds, according to court records.

The claim reached the court in January but was put on hold because of absence of certain required documents.

Yet in October 2015, the Moscow Commercial Court declared Probusinessbank, the leading financial structure of the Life Group, bankrupt, thus satisfying a claim of Russia’s Central Bank.

In February 2016, a court ruled to detain several Probusinessbank ex-top managers charged with embezzlement of about 2.5 billion rubles (circa $41 million) owned by the bank’s clients, among them former vice-president of business development of the bank Vyacheslav Kazantsev, Sergey Kalachev, Nikolay Alekseyev, Marina Krylova, and entrepreneur Oksana Kravchenko.

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(Photo: REUTERS/Kacper Pempel)

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