The Bank’s management embezzled 80 million hryvnia

Руководство банка растратило 80 миллионов гривен

The security forces have concealed the name of the Bank, but on the photo the logo is similar to City Commerce Bank

It is, rather, about CityCommerce Bank.

The President and Chairman of the Board, one Bank withdrew from the financial institution 80 million. About it reports a press-service of the national police of Ukraine on Saturday, 31 Dec.

So, in 2014, officials have issued loans to fictitious companies, and the money legalized through controlled businesses. In particular, the fictitious enterprises were given loans on the security of property, the cost of which was inflated tenfold.

Law enforcement has proved the guilt of the Bank managers, they were informed about suspicion of a crime. During a search of the President-owner of the Bank seized a collection of weapons.

The police do not indicate the Bank’s name, but the logo of the financial institution at the pictures provided by the security forces, very similar to the emblem of CityCommerce Bank.

We will remind, the national Bank of Ukraine adopted a decision to revoke the banking license and liquidation of CityCommerceBank March 20, 2015. From November 21, 2015 at CityCommerceBank has introduced a temporary administration

Source