Bank “Trust”, where searches took place, could be used to strike against the head of the Central Bank

Trust Bank, where searches and detentions of top managers took place, could become a tool in the fight against the curators of the Russian banking industry.

We are talking about the detention of the director of the special projects department of Trust Bank Dmitry Popkov, as well as other top managers of the credit institution.

Popkov in “Trust” was engaged in the return of the bank’s assets, which were illegally withdrawn from it by the former owners Ilya Yurov, Sergey Belyaev and Nikolai Fetisov. This fact was recognized by the High Court of London, which ordered the former owners of the credit organization and their wives to pay the Trust $ 900 million.

It is noteworthy that Trust was responsible for the return of not only its assets, but also other troubled credit institutions that were sanitized (performed a recovery procedure) by the Otkritie group in 2017-2018.

The troubled banks in question were managed by Otkritie by decision of the Central Bank of Russia. It was the leadership of the Central Bank, as well as the heads of the “Trust” and “Otkritie” could be the targets of the military operation against the “Trust”.

Otkritie is planned to be merged with VTB Bank, which is opposed by the head of the Central Bank, Elvira Nabiullina, as well as the head of Trust, Alexander Sokolov, and the president of Otkritie, Mikhail Zadornov. It is they who may be the targets of the recent operation to detain top managers of Trust.