March 04, 2013 17:42
If claims are true Dagestan bank frauds undermine banks' stability - Medvedev (Part 2)
GORKI. March 4 (Interfax) - Prime Minister Dmitry Medvedev said fraud uncovered in banks in Dagestan, if media reports about the scope are true, is a crime that undermines the foundations of the banking sector.
"I do not know what is and what is not fair [in the business daily Kommersant report], but if fraudulent transactions are so widespread, they undermine stability, which is unacceptable. It is a crime. We know about this from other recent examples," Medvedev told a meeting on bank lending.
Medvedev also said that Russia has chosen oversight in the banking sector as a priority on the G20's agenda where it currently holds rotating presidency. Conditions must be created that would enhance the quality of corporate management and transparency of lending operations, and facilitate exposure of shadow schemes and other problems," he said.
Kommersant reported on Monday citing the results of an inquiry and the Central Bank, that flagrant violations were uncovered in Dagestan's Transenergobank and Bank Express. "The scope of the fraud is enormous and include fake private deposits, loans, securities and also cash, whose alleged theft was also fraud," the newspaper writes.
(Our editorial staff can be reached at email@example.com)
November 23, 2014
Putin denies Russia building new iron curtain
Putin says unfazed by sour Russia-G7 relations
Donetsk remains under artillery fire on Nov 23 - council
Moscow urges intl action to stop Libyan chemical arms ending up in wrong hands
Lavrov, Steinmeier to meet on Nov 23
Plan confirmed for Iranian, Russian foreign ministers to meet
FOREIGN MINISTERS OF RUSSIA, IRAN TO HOLD BILATERAL MEETING ON NOV 23 ON SIDELINES OF IRAN NUKE PROGRAM TALKS - IRAN DIPLOMATIC SOURCE
LAVROV, KERRY MAY MEET IN VIENNA ON NOV 23 - U.S. DIPLOMATIC SOURCE
LAVROV TO MEET WITH GERMAN FOREIGN MINISTER DURING IRAN TALKS IN VIENNA - RUSSIAN DIPLO SOURCE
Putin: U.S. sanctions against businesspeople close to him a miscalculation
Iranian, Russian foreign ministers to meet - source
Lavrov arrives in Vienna to join in Iran nuke program talks
LAVROV ARRIVES IN VIENNA FOR 7-NATION IRAN NUKE PROGRAM TALKS