The Ministry of Internal Affairs in Volga Federal District initiated a criminal suit against people who are accused of having stolen over 4m RUR from Uniastrum Bank subsidiary based in Nizhniy Novgorod. This money is believed to have been disguised as compensation payments for car loans. The investigation revealed that the offenders had been working in the bank; one more person was running an insurance company. Some 200 borrowers who paid more than they had to for their cars are estimated to have suffered.

According to the Ministry of Internal Affairs in Volga Federal District, the accused are charged with large-scale fraud. Throughout May to October 2006, they had allegedly been picking clients wishing to get a car loan in Uniastrum Bank subsidiary. Then they drew up insurance agreements and insurances where the price of the car was somewhat higher than the actual one. As a result, the bank kept getting papers with the imaginary prices, and the insurance companies kept the real figures that the bank knew nothing about.