UralTransBank denies notes are authentic

12 January 2010 (07:07)

Sverdlovsk Region Arbitration Court keeps processing the claim laid by Bank24.ru against UralTransBank regarding the 40-million-ruble debt. The court session has been scheduled for January 11, 2010.

It is reported that the plaintiff wants to be paid the sum resulting from a promissory note issued by UralTransBank on July 27, 2009; the note was to be paid on demand but no earlier than October 27, 2009. In addition to this debt, Bank24.ru insists on getting the interest charged between October 27, 2009 and October 30, 2009 and further on.

The defendant, in its turn, claims that the promissory notes in question had never been issued either by UralTransBank or its Nizhniy Tagil branch on July 27, 2009.

In fact, Sverdlovsk Region public prosecution authorities and their investigative committee have already inspected the bank and instituted a criminal lawsuit, with charges of fraud based on Article 159 (part 4) of the Russian Federation Criminal Code, the spokesperson for Sverdlovsk Region public prosecution authorities reports.

For one, the authorities detected that the director of UralTransBank’s Nizhniy Tagil branch Pavel Mukhachev had transferred 95 million RUR worth of promissory notes to the former heads of Baranchinskiy mechanical plant Grigoriy Karpunin and Ekaterina Naumova without any agreement whatsoever. What is more, these promissory note forms had been accounted for at UralTransBank’s Nizhniy Tagil branch as damaged and destroyed. Later on, the notes were numerously sold to other parties, who sustained large-scale losses as a result.

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