One of the minority shareholders of Vostochny Bank has prepared a lawsuit against Artyom Avetisyan, a former shareholder of Uniastrum-Bank. The plaintiff speaks about the withdrawal of assets from this credit institution before the merger of Uniastrum-Bank to the bank "Vostochny" and demands compensation. Defendants insist that all transactions are legitimate. Lawyers see the prospects of the claim, although they note that it will be difficult to win.
The minority shareholder of Vostochny Bank, lawyer of Baring Vostok funds, Marina Ushakova, on June 20 sent the bank a notice of filing a claim to the Arbitration Court of the Amur Region to Artem Avetisyan and Alla Tsytovich. The first is the main shareholder of Vostochny Bank, and until 2017 was the majority shareholder (over 80%) in Uniastrum Bank. Ms. Tsytovich served as chairman of the board of Uniastrum Bank. “Kommersant” read both the notice of filing a lawsuit and the text of the document, which will be filed next week (this intention was confirmed by a lawyer representing Ms. Ushakov). The plaintiff alleges that shortly before joining Vostochniy, Uniastrum Bank made “one-type unprofitable transactions” for the acquisition of Artem Avetisyan’s minority stakes and interests in an option to increase its stake in their authorized capitals.
We are talking about 15 transactions in the period from June 23 to July 13, 2016, in the amount of 1.66 billion rubles. In the lawsuit, these transactions are referred to as "asset withdrawal." To substantiate its position, the claimant gives excerpts from the inspection report of Vostochny Bank drawn up by the Central Bank in August 2018. In this act, the regulator notes that prior to the merger, Uniastrum-Bank acquired shares and shares of a number of companies at a cost “significantly higher” than the price at which Bok Russia acquired them from the original holder. The company received the proceeds in its account at Deutsche Bank AG, which, according to the Central Bank, “may indicate signs of asset withdrawal.” Judging by the act of checking the Central Bank (available to Kommersant), in particular, in 2016, Bok Russia acquired a 4.99% stake in CJSC Poltava Canned Food, as well as an option to acquire 10% of this company’s shares for 50 thousand . rub. A few days later they were sold to Uniastrum Bank for 433.3 million rubles. The remaining transactions were conducted in a similar way and received a similar assessment of the regulator. The plaintiff demands to compensate the bank for 100% of the investment in transactions (1.66 billion rubles).