Borodin’s Statements

Press Release

13 March 2020 I am not surprised by yesterday’s decision of the Meshchansky Court convicting me. The investigations in Russia have not been independent, objective, open-minded or fair, and I…

Statement by Andrey Borodin 25/05/2016

In connection with the planned reappointment of Yuri Chaika as Prosecutor General of Russia and in addition to the recently published high-profile investigation by the Anti-corruption Foundation I would like to share another interesting story from the biography of this outstanding statesman.

According to the RBC article published in August last year, in 2014 the son of Prosecutor General Igor Chaika organized a highly profitable (thanks to multibillion-rouble government contracts) business of removal and disposal of refuse in Moscow. It was not arranged from scratch. The assets and equipment of the enterprise were made by the assets of existing companies, which up to 2014 had been on the balance sheet of… Bank of Moscow. (more…)

Statement by Andrey Borodin 10/02/2016

I was incensed to learn about the monstrous verdict of a Russian court on two former employees of Bank of Moscow, Alla Averina and Konstantin Salnikov. That these people were found guilty of charges against them and that they were given real prison terms is another example of blatant abuse of justice and common sense that prevails in Russian legal system. I am convinced that both the investigators and the court are well aware of the political undercurrent in the case against Averina and Salnikov. Nevertheless within this drummed up case they were first sent to court as the accused, and then they have been put behind bars. (more…)

Andrey Borodin’s Letter to the General Prosecutor

Commentary by Andrey Borodin: VTB people and all sorts of officials in Russia have on many occasions stated that the security on the loan to Premier Estate (which set off a series of criminal cases in the process of a raider takeover of the Bank of Moscow) fails to cover the loan (about 13 billion rubles) and is almost worthless. Now, the current cadastre evaluation of the pledged land says that it is worth some 27 billion roubles, i. e. more than twice covers the company’s debt. (more…)

The ‘Magnitsky List’ could be the only way of fighting for Russian citizens

DailyMail Online

In recent years events connected with Russia and Russian citizens have become a regular feature in the British media. Unfortunately, the frequent appearance of such headlines is not a result of strengthening of friendship and collaboration between the two states. Often these reports accompany scandalous trials in British courts, violation of human rights in the Russian Federation, and so on. For instance, today the Magnitsky Legacy round table sessions are taking place in the Parliament building in London. All this attests to the fact that the Russian justice and law-enforcement systems are in a deep crisis and leave no hope for fair decisions based on compliance with legal provisions or, at least, human rights. (more…)

Statement by Andrey Borodin

Neither my lawyers nor I have been told that an international arrest warrant has been issued against me in Russia. If an international arrest warrant has been issued now, eight…

Statement by Andrey Borodin

Today, certain media have disseminated information provided by investigative authorities that the latter intend, while interviewing Yuri Luzhkov, to find out the circumstances in which the Moscow Government purchased additional Bank of Moscow shares issued in 2009 and worth approximately RUR 15 billion. In the meantime, specific efforts are being made to create a negative public perception of this information by artificially placing it in a criminal context.

As head of the Bank of Moscow at the time, I find it necessary to provide a clarification on this subject. It will be recalled that the year 2008 witnessed a global financial crisis when, due to objective circumstances, the equity of Russian and international banks significantly declined, whereas opportunities for raising capital largely evaporated. Lending institutions suffered from lack of liquidity. Thus, the steps taken by the bank’s shareholders to increase its capital via an additional share issue buyout appear reasonable and sound.Сегодня в ряде СМИ было растиражировано сообщение следственных органов о намерении в ходе допроса выяснить у Юрия Лужкова обстоятельства выкупа правительством Москвы допэмиссии Банка Москвы в 2009 году на сумму порядка 15 миллиардов рублей. При этом у общественности целенаправленно создается негативное восприятие этой информации путем искусственного использования ее в криминальном контексте.

Как руководитель Банка Москвы в тот период, я считаю необходимым дать пояснения по этому вопросу. Необходимо помнить, что 2008 год был временем мирового финансового кризиса, когда из-за объективных обстоятельств собственные капиталы российских и мировых банков существенно уменьшились, а возможности по привлечению фондирования резко сократились. Кредитные учреждения испытывали дефицит ликвидности, а поэтому действия акционеров банка по увеличению капитала посредством выкупа дополнительной эмиссии представляются разумными и обоснованными. (more…)

Andrey Borodin’s Statement

The so-called Bank of Moscow development strategy, which was made public yesterday, demonstrates yet again that when the ‘effective managers’ from VTB took over our bank they did not have the slightest understanding of why they might need this asset. This means that behind these actions was a political decision to gain control over Bank of Moscow as well as a desire of certain individuals to make a profit out of this.Так называемая стратегия развития Банка Москвы, представленная вчера широкой публике, служит отличным подтверждением того, что захватывая наш банк эффективные менеджеры ВТБ не имели ни малейшего представления о том, зачем им нужен этот актив. То есть за этими действиями скрывалось политическое решение о взятии под контроль государства Банка Москвы и желание отдельных индивидуумов нажиться на этом. (more…)