zn.ua
Prosecutor General's Office has received permission to conduct an unscheduled audit of financial and economic activity of Delta Bank PJSC for the period from 2012 to March 2015, based on the criminal proceedings initiated in April 2014 on embezzlement of refinancing funds by officials of Delta Bank, as reported by online information source The First Instance at 1i.com.ua with reference to the resolution of Pechersk Court dated July 1.
According to the report, the resolution also allowed conducting of the audit of such companies as Transinvest of Ukraine, Real Estate Company, Eplada, TLC Systems, SAB-R, Ukrainian Business Franchising, Bonnie and Clyde, Merchant House, Zernointertorg, Agronovokom, Visa-Nova, Domo-tech-opt, Illichivsk Grain Port, Yabluchny Dar, Tank Trans, StroyBud Illichivsk.
According to the criminal case, Delta Bank received about UAH 10 billion of refinancing funds in 2014 from the National Bank of Ukraine (NBU). Later, the bank purchased $535.3 million for UAH 4.1 billion and transferred them abroad for the benefit of 12 related Ukrainian enterprises.
Moreover, the investigation established that some top managers of those companies were also employees of Delta Bank PJSC.
The funds were transferred to accounts in Latvian financial institutions: JSC Baltic International Bank and AS Trasta Komercbanka, as well as in Amsterdam Trade Bank NV.
As reported on the website, those companies signed allegedly faked agreements aimed at embezzling the funds received from the NBU for refinancing purposes, according to the investigators.
In addition, a number of debtors of the bank terminated their obligations to the bank, referring to the controversial claim offsetting transactions with other entities.
According to the register of legal entities, the owners of the mentioned companies are: Illichivsk Port Grain. The beneficiaries are Anelson Industries Limited and Serhiychuk Evhen; Tank Trans. The parent company is London-based Petergrow Ltd; Stroybud Illichivsk. The founder is Illichivsk Construction.
As a result of such losses, Delta Bank PJSC was declared insolvent, and Individuals’ Deposit Guarantee Fund introduced a provisional administration in the bank in March 2015.
The audit is required to determine the amount of possible damage, as well as to verify sufficient grounds and legitimacy for carrying out the above transactions by Delta Bank in 2012-2014 period.
The court granted the petition and allowed the State Financial Inspection to conduct the audit during two weeks, starting from July 11, 2015.
As UNIAN reported earlier, the NBU adopted a resolution on the assignment of Delta Bank to the category insolvent on March 2, and the Individuals’ Deposit Guarantee Fund introduced a provisional administration in the bank until June 2, and then extended its activity until September 2.
Earlier, the NBU discussed plans with Ukrainian Finance Ministry on bank restructuring and possible involvement of the state in its recapitalization, given the importance of Delta Bank in the country's banking system. However, the Finance Ministry refused to nationalize the bank due to its bad assets, and the NBU was forced to declare the bank insolvent.
Delta Bank has been operating in Ukraine since 2006 and was one of the largest banks in terms of assets. The main shareholders are a businessman Mykola Lagun holding 70.61% share and Cargill Financial Services International Inc. (USA) with 29.39% share.