«Bank order for the cash to be given to Krylov»
понедельник, 26 августа 2013 г.
вторник, 13 ноября 2012 г.
The People’s Bank of the Republic of Tuva announced last Tuesday the board’s decision to issue new shares, Kommersant daily reports. The bank has only 2 weeks to outline and implement recapitalization plan that implies raising the bank’s authorized stock from 97 million roubles ($ 3.1 million) to 180 million roubles ($ 5.7 million) by 1 January 2012. Taking into consideration the time that the recapitalization usually takes, that is 3-6 months, it is likely that the bank, in the past owned by former Tuva representative in the RF parliament Sergei Pugachev, will lose its operating license.
The bank’s shareholders have not yet agreed on the recapitalization terms. “The sides agreed that the recapitalization should be implemented by the side which is on the shareholders’ register [at the moment of recapitalization]”, said a source close to the bank.
The bank has been in the center of the conflict of interests ever since previous controlling shareholders sold their stake.
One of the bank’s shareholders - government of Tuva, a Russia’s region on the boarder with Mongolia - said it had no plans to sell their shares. “We do not even consider selling our shares,” said local state property minister Orlan Dugur-Syuryun. “We want to get control of the bank”. He added that the ministry would file a lawsuit against a firm called Tsentr Realizatsii that hold e-auction for a controlling stake in the bank and would seek reauctioning of the bank.
The analysts say it is very unlikely that the sides will reach an agreement until the New Year, which means the bank will lose the license. A corporate conflict that hinders additional issue of shares is a rare case for Russian banking system. State participation in the bank’s capital worsens the situation, the experts say. “It is easier for private shareholders to agree on the recapitalization. For them it is important to not lose the bank, while the state will never buy additional shares for unprofitable price,” says Evgeny Trusov, head of bank consulting and buying and selling banks department in NEO Tsentr advisory firm.
Marginal opposition group PARNAS flamboyant leader Boris Nemtsov was embroiled in a scandal yesterday after a Russian on-line outlet published his private telephone conversations.
Nemtov has apologized for offensive remarks and profanity today. “I apologize to Zhenya Chirikova, Bozhena Rynska and all those who were affected or insulted in my private telephone conversations. I think, what I did was wrong. One has to hold back emotions and mind every word even when talking with relatives and friends over the phone,” he wrote in his blog.
He also promised to take the case to court, asking Russia’s Investigative Committee to probe into the phone-hacking scandal.
The Life News internet publication, famous for delivering scoops, published the the PARNAS leader’s telephone calls, presumably made in advance to the 10 December rally. Nemtsov derided his supporters saying they were “chemical internet types” and labeled fragmentized opposition leaders “scoundrels”, “bitches” and “prostitutes”.
The publication of Nemtsov’s talks got backlash among Russian pro-liberal bloggers - they condemned phone hacking. In fact, they were even more indignant at the fact of Nemtsov’s telephone having been hacked than at what he really said.
“Methods are sometimes more compromising than the result reached”, twitted Evgeniya Chirikova, leader of For the Khimki Forest movement.
Pro-liberal Ekho Moskvi radio station editor-in-chief Aleksei Venediktov said that the publication of Nemtsov’s telephone talks would attract more people to the 24 December rally. “I think, more people will come, because everyone can put himself in Boris Nemtsov’s shoes and understand that their phone could be tapped and leaked to the media. Everyone feels humiliated by this violation of Constitution,” said Venediktov.
Famous blogger Aleksei Navalny was released from jail last night after a court sentenced him to 15 days in prison for obstructing police at the 4 December protest march, which was held without advanced notification of Moscow police.
Before Navalny left jail the only available information about his release had been its exact time - 2.30 a.m. Russian parliament MP Ilya Ponomarev whose status stipulates free access to any police station began searching for Navalny. He founded Navalny in Maryinsky Park police station. An hour before Ponomarev arrived in his car, Mrs Navalnaya had been told at the same station that her husband had been to a different place. By half past two, a few people gathered outside the station. On the door there was a sign: “Wait! You will be invited!” Navalny, accompanied by Ponomarev, came out at quarter to three. He asked photographers to let him first greet his wife, saying that a family reunion photo would be very romantic. But no one yielded to a point, and Navalny began to speak. His words contained nothing new and were laced with his famous “crooks and thieves” catch phrase.
“We got into jail in one country, 15 days after we get out in another country,” he said. Deprived of reliable information, Navalny looked as if he were afraid to say something in a wrong way. He made it clear that he saw the situation change in the country.
“Putin will not be legitimate president,” the blogger and anti-corruption whistle-blower said.
“It would be illegitimate act of succession to the throne. One crook hand over power to the other crook. Free presidential election is among our claims. In those elections lots of people will take part, me possibly”.
Navalny said nothing else about his plans for political future.
“To avoid provocations”, Ponomarev undertook to see Navalny home.
On Wednesday, leader of minor opposition group Ilya Yashin has left the jail where he served the same term for the same offenses. Rumafia.com reported, that he refused to have a crime prevention talk.
Presidential council on human rights and civil society development has published a report, containing analysis of the second case of Khodorkovsky and Lebedev.
Tamara Morshchakova, former judge of the RF Constitutional Court and a member of the panel, told local media, that in experts’ view Mikhail Khodorkovsky and Platon Lebedev’s verdict was a “mistake”. Morshchakova added that the council had studied only court documents: text of the verdict, typescript of the hearings and other publicly available documents.
The experts arrived at the conclusion, she said, that former Yukos CEOs had been “punished for carrying out legal activities”: vertical integration of the company with centralized management, agreements to transfer assets from one subsidiary to another, and general agreements. According to the founding of criminal law experts, the RF Criminal Code and Russian criminal procedural law does not contain legal provision to “consider them criminals”. The verdict, the experts believe, violates Russian Constitution and European Convention on Human Rights.
The council urged the Prosecutor General to conduct a retrial, and recommended Russia’s Investigative Committee’s reinvestigating the case, “given newly obtained evidence”.
Rumafia.com reported earlier, that the council in July had called for general amnesty for economic crimes. The council also called for “liquidation of negative consequences of the similar cases”. It recommended that the jury trial should be applied if a defendant wants it. Another recommendation was to forbid the police to open criminal investigation without written request from an aggrieved party, and to change the procedure of submitting appeals for pardon or suspended sentences.
The Southern District Court of New York denied Viktor Bout's motion to overturn the guilty verdict, passed by a jury in November. Lawyers for Bout claimed that a juror had been tainted by the Hollywood film Lord of War, depicting Bout as an anti-hero and illegal arms dealer.
It seemed lawyers were not disappointed with the first motion denial. They filed another motion, asking judge to set aside all or part of the conviction on the grounds that the indictment against Bout was poorly prepared.
The indictment says that Bout “conspired to kill US citizens”. Lawyers for Bout argue that the word “to kill” is inappropriate, because it does not imply “deliberate action”. What the jury in Bout’s trial deliberated on was Bout’s alleged deliberate murder, whereas the indictment contains different charges. Lawyers argue that the court sentenced Bout for charges that the jury had not, in fact, considered.
Another count of indictment is “conspiracy to kill US military personnel and officials”. The defence claim that the US citizens fighting on the side of the Colombian government against Farc are not necessarily US military personnel. It is not clear whether helicopters and other equipment used by US citizens in Colombia is a part of US armed forces. “US armed forces in Colombia de facto and probably de jure are Colombian armed forces”. “Viktor Bout’s trial serves Colombian military interest, not the interests of the US,” lawyers claim.
Russian side has already hinted that Moscow would not wait until the end of the debate in court. Konstantin Dolgov, Russia'a foreign ministry plenipotentiary on human rights issues, said Monday that Moscow would seek Viktor Bout's return to Russia in the nearest future. Kommersant daily quotes an unnamed source in the Ministry of Foreign Affairs as saying that the preparatory work had already began. Russia has confirmed that the country considers asking US authorities to transfer Bout to Russia where he will serve the sentence. Such possibility is stipulated by the 1983 European Convention on the Transfer of Sentenced Persons.
Rumafia.com expects Russian authorities to file a transfer request after the judge will pronounce Bout's sentence on the 8 February 2012. Bout may faces a prison term from 25 years to life imprisonment.
Oleg Deripaska is embroiled in the scandal over the bankruptcy of Bogoslovskiy Aluminium Plant (BAZ), which is a part of his RusAl Group. The plant is the only company of the city of Krasnoturynsk, Sverdlovsk Region. It employs about 3,500 people, almost all labour force of the city.
As of the first half of 2011, BAZ incurred losses of 180 million roubles ($2.9 million). BAZ officials allege that the losses were due to high prices of electricity.
Deripaska’s decision is to close down the unprofitable enterprise. In April 2011, for the same reason Deripaska shut down Zaporozhsky Aluminium Plant, offering workers to move to any of RusAl plants, say, in Siberia.
BAZ plans to stop producing alumina bricks and dismiss half of its employees. The situation, surrounding BAZ, resembles that of the city of Pikalevo, Leningrad Region, back in 2009, when prime minister Vladimir Putin intervened to prevent closure of a main plant in so called one-company city.
With aluminium prices going down, Deripaska loses millions of dollars every year. It was rumoured that RusAl had already approached its key creditors asking to restructure the company’s debt. The company asked for postponing the due dates for interests on loans until 2012. At first RusAl denied allegations. Later on in a statement the company said that “it began negotiations with Russian and foreign creditors on the issue of changing credit agreements in accordance with the current market situation”.
The company will cut expenses by redundancies and lowering administrative costs. The analysts say that the company may pay dividends this year, the first time since 2009. According to the shareholders’ agreement, the company has policy of paying dividend at a rate of no less than 50% of net profit after tax.