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 firstname.lastname@example.org)
March 05, 2015
UKRAINIAN PARLIAMENT BACKS PRESIDENT'S PROPOSAL TO INCREASE UKRAINE'S ARMED FORCES PERSONNEL TO 250,000 PEOPLE
MICEX and RTS Indexes at 13:00 MSK
NATO activity near Russian borders way higher than Russia's - ministry (Part 2)
Russian Defense Ministry concerned by situation on CSTO southern borders - Antonov (Part 2)
Naftogaz prepaid Gazprom another $15 mln for gas, enough for 5 days
Russia to continue grain purchase interventions
NEW PHASE OF HEAVY WEAPONS WITHDRAWAL FROM LINE OF CONTACT IN DONBAS STARTS - UKRAINIAN MILITARY PRESS CENTER
Russian-Chinese military cooperation 'very good' - Russian Defense Ministry (Part 2)
Convention on Caspian Sea status may be signed in Astana in 2016 - Azeri Foreign Ministry
Over 29,500 Ukrainian refugees staying at 511 shelters in Russia
Some NATO members confirm plans to take part in Moscow security conference - official (Part 2)
Moscow may host first BRICS parliamentary forum in June - Naryshkin
LATEST PAYMENT SUFFICES FOR 45 MLN CU M OR 5 DAYS OF SUPPLIES - GAZPROM