The provisional administration to manage CB PFC-BANK PJSC (hereinafter, the Bank) appointed by Bank of Russia Order No. OD-65, dated 17 January 2020, following the revocation of its banking licence, in the course of the inspection of the Bank, established the existence of signs suggestive of the Bank’s officials operations to divert assets through lending to borrowers with dubious solvency or knowingly unable to fulfil their obligations.
On 30 September 2020, the Arbitration Court of the city of Moscow recognised the Bank as bankrupt. The State Corporation Deposit Insurance Agency was appointed as a receiver.
As the Bank of Russia reasonably presumes that the Bank’s officials were engaged in financial operations suggestive of criminal offence, the Bank of Russia submitted relevant information to the Prosecutor General’s Office of the Russian Federation and the Investigative Committee of the Ministry of Internal Affairs of the Russian Federation for consideration and procedural decision-making.