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International

Russian bank's former head faces nearly $4-million claim

February 23, 2018 Reprints

Russian company Aida & D has filed a claim with the Commercial Court of Tatarstan demanding nearly $4 million from Robert Musin, the former board chairman of Tatfondbank P.J.S.C., Rapsi reported. Mr. Musin has been charged with large-scale fraud in which Tatfondbank's employees provided false data to the Central bank of Russia to obtain credit and subsequently embezzle the funds. Investigators said that the overall damage in criminal cases against Mr. Musin totaled more than $880 million. Tatfondbank was declared bankrupt on April 17, 2017.

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Russian bank's former head faces nearly $4-million claim

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