The court recovered more than 6.8 billion rubles from former managers of Vladprombank

The Arbitration Court of the Vladimir Region, at the request of the Deposit Insurance Agency, established the amount of subsidiary liability of the persons controlling Vladprombank and jointly and severally recovered from the ex-chairman of the board Mikhail Petrikov and former beneficiaries Vasily Vishnyakov and Pavel Parshikov more than 6.8 billion rubles, the DIA reports.

“The grounds for prosecution were the issuance of obviously non-repayable loans and the acquisition of low-liquidity securities at an inflated cost,” the statement says.