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.

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

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 every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more