119435, Russia, Moscow,
Bolshoy Savinskiy Ln, 11
Bolshoy Savinskiy Ln, 11
“Belsky and Partners” lawyers have succeeded in removing suspicion of a criminal offense of a shareholder of insurance company from the Forbes list
Lawyers of Belsky & Partners defended the head of the largest insurance company (Forbes 200 largest private companies in Russia — 2021) during a pre-investigation check based on the Deposit Insurance Agency application.
An insurance company sold an asset to a bank that later went bankrupt, which is the basis of the investigation. According to the Investigative Committee, the transaction was committed with the intention of embezzling funds because of its complex structure.
If a criminal case is initiated, the Client could face up to 10 years in prison for being an accessory to the crime and also recover the entire amount of funds under the transaction.
A strategy has been developed by the Firm’ lawyers to protect the Client and eliminate any suspicions of complicity in embezzlement (art. 159 of the Criminal Code). As part of this strategy, it took extensive work to break down the details and argue its structure to demonstrate to law enforcement that the transaction was legal. All suspicions of investigation were removed as a result of the work done. The Client has not been charged with a crime.
An insurance company sold an asset to a bank that later went bankrupt, which is the basis of the investigation. According to the Investigative Committee, the transaction was committed with the intention of embezzling funds because of its complex structure.
If a criminal case is initiated, the Client could face up to 10 years in prison for being an accessory to the crime and also recover the entire amount of funds under the transaction.
A strategy has been developed by the Firm’ lawyers to protect the Client and eliminate any suspicions of complicity in embezzlement (art. 159 of the Criminal Code). As part of this strategy, it took extensive work to break down the details and argue its structure to demonstrate to law enforcement that the transaction was legal. All suspicions of investigation were removed as a result of the work done. The Client has not been charged with a crime.
Deposit Insurance Agency 's proactive auditing of bankrupt counterparties and initiating law enforcement investigations makes this project a precedent for the entire financial banking industry.
119435, Russia, Moscow, Bolshoy Savinskiy Ln, 11
OGRN: 1227700017071
Moscow Bar Association registry no. 77/2-458
Managing Partner – Kirill Belskiy
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