The Financial police had institute proceedings against the former head of Valut-Transit-Bank JSC (Kazakhstan)

/INTERFAX-KAZAKHSTAN, Astana, November 2, 06, title KASE/ - State agency of Kazakhstan of struggling with economical and corruptional criminality (ASECC, financial police) had institute the proceedings against now former chairman of board of directors of Valut-Transit-Bank JSC (VTB) Andrey Balyalov. Except this, to the criminal liability the financial police intends to attract the number of employees of this bank for abuse of authorities and pseudo- business activities, had informed the first deputy chairman of ASECC Rustam Ibraimov. "It is determined, that to the account of pseudo-organization "Santoriya" with the using of false agreements on the banking loan and security of money funds by the bank were transferred money in the sum of KZT1.7 bn. which at the moment were transferred to the settlement account of Newtek-plus LLP, from which were transferred to the accounts of Omega-plus-NV LLP, Cristall- Unios LLP, Parus LLP - and in totally were transferred to the personal account belonging to Belyalov", - told R.Ibraimov on the press-conference on Thursday in Astana. Current rate - 127.84/$1. By his information, during the investigation bank did not provide the credit files for Santoriya LLP and number of other organizations. "By the explanation of the leaders of the bank, these credit files were removed to archives of the other building and lost because of flood in the quarters. But according to results of examination of the archives no track of flood were noticed", - told R.Ibraimov. He told, that from the sanction of Office of Public Prosecutor the employees of financial police had made the search in the buildings of the bank and had seized the documents concerning the credit activities of the banking group, originals of assessed and accounting documents of the organizations which had received credits in the bank and also participated in the financial schemes of VTB. So according to his data, during the search in the international billiard center "Sozvezdiye" in the office of A.Belyalov's brother were found the accounting documents of the firms affiliated with the bank. "Two bags with the originals of accounting documents of the organizations affiliated with the bank were found on the garret of building of banking group - had continued R.Ibraimov, - at that part of documents was torn". at that he added that the administration of the bank had many times announced that the given organizations are not affiliated with the bank. Except this, by the words of R.Ibraimov the financial police had received the letter from the new administration of VTB, in which it was pointed on realization by A.Belyalov unlawful actions on withdrawal of bank's assets on the accounts of close relatives and affiliated companies. In this connection the list of affiliated companies was widened to 220. The measurements of arresting the property of newly found organizations are undertaking, informed R.Ibraimov. At the present time in relation to A.Belyalov is selected the preventive punishment in the form of house arrest. As it was informed in the last September the state agency of financial supervision (AFS) of the republic had informed about the critical situation, formed in VTB. AFS announced that it can recall the license from VTB, if state agency will not be satisfied with the plan of rehabilitation of bank, which now is developing by the new administration of the bank On October 15, 2006 the prescheduled meeting of shareholders of Valut- Transit-bank JSC had taken place, on which were before time stopped the authorities of the former board of directors and was determined the new staff in the amount of 8 people for three years. The new board of directors is headed by Steven Li Johnson. For correction of situation the new administration of VTB, in particular is depending on receiving from the government of republic the stabilization loan. Valut-Transit-Bank is middle size bank of Kazakhstan. As of August 1, 2006 it asstets totaled KZT83899742 th., shareholders' equity - KZT23971704 th., net income for first seven months of the year totaled KZT1030959 th. [2006-11-02]