Reasons behind the criminal case related to the Economic Development Minister Alexey Ulyukayev, who was put under the house arrest by the decision of the Basmanny Court of Moscow on November 15, may have some additional explanations. First of all, due to the scandals associated with VTB state bank, where Ulyukayev heads the supervisory board.
Businessman Dmitry Kosarev (owner of Empreno Ventures Limited) has sent an appeal to the Prime Minister and the Chairman of United Russia party, Dmitry Medvedev, with a request to pay attention to the questionable operations of VTB Bank Management, which may put the Russian state in danger of losses worth over 1 billion euros.
Businessman Dmitry Kosarev filed a suit to London court against VTB Capital over possession of Bulgarian operator Vivacom. He estimates the damage caused by "illegal" activities of the investment bank at €250 million.