Thursday, May 16, 2013

Police storm Rosbank as CEO caught in corruption sting

The chief executive of Rosbank, a Russian unit of Societe Generale, was detained by Russian police on Wednesday, for suspicion of accepting a bribe of about 5 million roubles (almost $160,000, €124,378). Russia's Interior Ministry said Vladimir Golubkov has been held "on suspicion of receiving illegal monetary compensation". The bribe was reportedly part of a total bribe of $1.5 million that Golubkov demanded in return for prolonging and modifying a loan for an unnamed company. The company requesting the loan extension is reportedly from the automotive industry.


A representative from the anonymous company responsible for the bribe tipped the police off before making the $160,000 payment to Galubkov. Anti-corruption officials stormed into Golubkov's office where they arrested him and recovered the 5 million roubles.

According to the police, Galubkov had already received $1.2 million from the company official before being caught. Police say Rosbank's senior vice president has also been detained in connection with the corruption charges.

Rosbank ranks as one of Russia's top-ten leading banks, based on assets and equity. It serves 3 million individual customers from 1,200 points of sale across Russia.

http://ruptly.tv/

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