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Automatically translated version. May contain inaccuracies compared to the original.
National Police: Fidobank officials embezzled 1,9 billion UAH
According to the ruling of the Pechersky District Court of Kyiv dated 09 September, the Main Investigation Department of the National Police is conducting a pretrial investigation in criminal proceeding No.42016000000001306, registered in the Unified Register of Pretrial Investigations 24.05.2016, on the fact of embezzlement of Fidobank funds committed by officials of this bank in especially large amounts.
“According to the materials submitted in the criminal proceeding, it appears that in the period 2014 year the officials of PrJSC Fidobank, abusing their official position by issuing knowingly unprofitable loans to related enterprises, as well as to enterprises that show signs of fictitiousness, in particular: LLC FC Averazh (EDRPOU code 39115791), LLC Gryphon Capital (EDRPOU code 38316138), LLC FC Global Finance (EDRPOU code 38902168), LLC FC Vendor (EDRPOU code 38996895), LLC FC Avista (EDRPOU code 39288180), LLC Sky Capital (EDRPOU code 37974493) appropriated funds of this bank in the amount of 1,9 billion UAH, which is an especially large amount,” the court ruling states.
Recall that Fidobank was classified as insolvent on 20 May. In its official statement, the National Bank of Ukraine, noting that on 12 May there began an outflow of funds from corporate accounts and funds of other banks, separately emphasized that “the withdrawal of assets to entities related to the institution’s shareholder was not carried out” (quote). 18 July the bank was placed into liquidation.
In addition, NBU head Valeriya Gontareva publicly stated that Fidobank shareholder O. Adarich (in the photo; he was also the bank’s CEO) — after he realized he would not be able to carry out the recapitalization program following the stress test results — “behaved completely appropriately, as did the management — he did not split deposits, did not dilute assets, nor did he withdraw assets” (quote).
By contrast, Executive Director of the Deposit Guarantee Fund Kostiantyn Vorushylin, speaking about Fidobank as well as Mykhailivskyi Bank and Khreschatyk Bank (classified as insolvent in the spring of this year), also publicly stated the following:
“.... The last three: ‘Khreschatyk,’ ‘Fido’ and ‘Mykhailivskyi.’ We hoped they were building a real business. But it turned out otherwise. The owners and top management deliberately ‘laid down’ these banks themselves. They did not fight for their survival as they should have. Yes, they tried to do something in places, but then made a conscious decision to bury the banks and shift the problems and responsibility onto the state, to remove as much as possible from themselves. At the same time, they worked quite a bit on asset withdrawal. They worked with elegant schemes so that the courts would bother them less. Sadly, our legislative framework is such that creditors’ rights are not protected. In some banks they understood this, so they preferred to steal the money and assets.”
According to the Deposit Guarantee Fund, as of 01 September Fidobank depositors received compensation totaling 1,68 billion UAH (92,3% of planned payments within the guarantee amount).
finbalance.com.ua
Document: PDF proof of the original version of the news item "Нацполіція: службові особи Фідобанку привласнили 1,9 млрд грн". It records the publication content at the moment of the first scan, the preservation date and the source: ANTIKOR.
