Meshchansky court received a claim from the former president of Bank of Moscow Andrey Borodin who demands to pay him compensation of $ 5 million for early termination of the employment contract. Litigation is scheduled for September 5. According to Mikhail Dolomanov, the lawyer of Borodin, the lawsuit has Bank of Moscow as the defendant. In addition to the amount of compensation stipulated in the agreement, the plaintiff asks the court to compel the Bank of Moscow to pay interest for delayed payment.
Andrey Borodin’s powers as president and CEO of Bank of Moscow were terminated upon the decision of the extraordinary shareholders' meeting on April 21. Shortly before, in February, the Bank of Moscow witnessed a change of ownership, and Michael Kuzovlev was elected president of the bank. Borodin was not present at the meeting of shareholders, and on April11 by court order he was dismissed from his position and membership on the board until the end of investigation of the case against him by the Investigative Department of the Interior Ministry. Borodin was charged under Part 1, Art. 201 of the Criminal Code (Abuse of authority).
As already mentioned on The Russian Mafia web-site (rumafia.com), Borodin had already tried through court to get compensation from the Bank of Moscow for the early dismissal. On June 1 he sent a letter to the Bank of Moscow, demanding to pay the same $ 5 million and interest for delayed payment of compensation (at the time - another 1.5 million dollars). In the letter Borodin pointed out that according to the supplementary agreement to his contract with the bank, in the event of early termination at the initiative of the bank, regardless of the reasons for such termination, the bank shall pay him compensation within ten working days. He demanded to transfer the amount due to the charity fund Dobroserdiye.
The Bank of Moscow believes that the document providing for such generous compensation was forged. The bank has already addressed the Investigative Department of the MVD on this issue. But, according to experts, Andrey Borodin has a chance to win the court hearing.