Yuri Isayev, head of the Agency for Deposit Insurance Corporation, has explained new fraud schemes. Express Bank lost license in January for faking 7 billion rubles of assets and Transenergobank lost it in November 2012, Prime reports.
Attempts to create fake bank deposits were a new scheme. They total about 12 billion rubles. The funds were granted as loans to fraud companies and stolen. Deposits were opening at a rate of two per second.
A criminal case was initiated against Transenergobank and another one is yet to be initiated for Express Bank.
Isayev proposed criminal punishments for fake accounts the way it is in the US, UK, Germany, Italy and other states. Punishments for falsifications and coverage of information may be punished with a total of 275 years in the US. Such violations are punished with a minor fine in Russia.
