Support The Moscow Times!

Riot Police Search Russia's Central Bank

A man walks past the headquarters of the Central Bank in Moscow. Reuters

Riot police searched a branch of Russia's Central Bank alongside representatives from the country's Investigative Committee, the Vedomosti newspaper reported Monday.

Officials seized a number of documents in a raid on Friday night.

Bank employees told Vedomosti that it was the first time in recent memory that riot police had accompanied investigators.

“As a general rule, the Central Bank always provides documents [to the authorities] on demand,” the source said.

The documents are believed to be connected to a case involving the International Joint-Stock Bank (MAB), one Central Bank employee told Vedomosti.

MAB had its license revoked by Russian authorities in February 2016. The bank held more than 6 billion rubles ($92.2 million) as a deposit for government-owned company Almazuvelirexport. The state-owned enterprise came under investigation after its two top managers were accused of stealing money from the deposit from 2007 to 2011.

A press spokesperson for the Central Bank confirmed that a search had taken place on Friday which related to “certain employees.”

“The Central Bank is fully committed to identifying and punishing those who have broken the law, even if such people are bank employees,” the spokesperson told Vedomosti.

The Investigative Committee and the Almazuvelirexport Bank did not respond to requests for comment.

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.


Read more