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Amur Court bans the additional issue of Vostochny Bank shares - EastRussia | Far East

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Amur Court banned additional issue of Vostochny Bank shares

Amur Court banned additional issue of Vostochny Bank shares
Photo: pixabay.com

The Arbitration Court of the Amur Region has prohibited the Vostochny Bank from carrying out any actions to place an additional issue of shares for 5 billion rubles. The measure was taken at the request of the company "Fvinvizh" сообщает RBC with reference to the court materials.

The additional issue of Vostochny Bank shares was supposed to support the level of capital of the organization, which the Central Bank ordered to create reserves for problem assets for 16,6 billion rubles.

The court decision was taken 5 June 2019 of the year. Currently, three of the four members of the board of directors of Bank Vostochny are in custody. They are all suspected of fraud in the amount of 2,5 billion rubles.