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)
April 17, 2014
Russia and CIS political and economic calendar: April 17
April 16, 2014
Ukraine solders detain Russian TV team - website
Russian Foreign Ministry: effects of Washington's support for Kyiv will be disastrous
Georgian reporters freed from Tskhinvali detention facility
"Too early" to scrap visa regime for Russia-Georgia travel - diplomat
Russia slams U.S. for denying visa to Iranian UN envoy
Arrangement of Russian-Georgian summit requires time and objective prerequisites - Karasin
Messages sent to Putin from east Ukraine asking him to move in troops - spokesman
Egyptian satellite placed in orbit
RUSSIA SAYS U.S. SUPPORT FOR KYIV GOVT WILL HAVE DISASTROUS CONSEQUENCES
RUSSIAN FOREIGN MINISTRY ACCUSES WASHINGTON OF APPROVING WAR AGAINST ITS OWN PEOPLE DECLARED BY GOVT IN KYIV
Europeans cannot hear Russia's stance on Ukraine due to wall of censorship - Peskov (Part 2)