OREANDA-NEWS. During the examination of financial standing of JSCB Azimuth PJSC, the provisional administration appointed by Bank of Russia Order No. OD-1397, dated 19 June 2015, due to the revocation of the banking licence found out that the former management of JSCB Azimuth PJSC had carried out transactions bearing the evidence of moving out the assets worth around 850 million rubles from the bank to what looks like dummy companies.

According to estimates by the provisional administration, the asset value of JSCB Azimuth PJSC does not exceed 48 million rubles, while its liabilities to creditors amount to 172 million rubles.

On 28 September 2015, the Court of Arbitration of the city of Moscow took a decision to recognise JSCB Azimuth PJSC insolvent (bankrupt) and to initiate bankruptcy proceedings with the state corporation Deposit Insurance Agency appointed as a receiver.

The Bank of Russia has submitted the information on the financial transactions bearing the evidence of criminal offences conducted by the former management and owners of JSCB Azimuth PJSC to the Prosecutor General's Office of the Russian Federation, the Russian Ministry of Internal Affairs and the Investigative Committee of the Russian Federation for consideration and procedural decision making.