Founder of Baring Vostok, Michael Calvi, just a few days before his arrest, flew to Moscow to personally meet with Vostochny Bank shareholders Artem Avetisyan and Sherzod Yusupov, The Wall Street Journal reported. The meeting was scheduled for February 14, and the case against Calvi was filed a day before.
They agreed to support the bank, but the world did not last even two months.
Investment fund candidates were included on the board of directors of the bank against their will.
Bank "Vostochny" could withdraw assets.
Baring Vostok considered it senseless to try a new board of directors and a meeting of shareholders.
Baring Vostok Fund wants to oblige Vostochny Bank to hold an extraordinary meeting of shareholders and elect a new board of directors.
Banker's ambitions can substitute presidential adviser Andrei Belousov.
Amur court on the claim of his company arrested 9.99% of the shares of the bank "Vostochny".
She wants Baring Vostok to exercise a call option for 10% of Vostochny Bank shares.
Co-owner of the bank "Vostochny" Artem Avetisyan at the end of 2018 filed a lawsuit in the Arbitration Court of St. Petersburg for the protection of honor, dignity and business reputation.
The initial investor paid 4.4 million dollars for the IFTG shares that caused the arrest of Michael Calvey. The investigation estimated them at 600 thousand rubles. One of the methods gives such a figure, but startups do not appreciate it, experts say.
Shareholders set parity on the board of directors of the bank.
The investment funds of Baring Vostok through the court promote the directors to Vostochny Bank.
His opponents from Baring Vostok withdrew the claim for a corporate dispute after the appointment of the chairman of the bank's board of directors.
The struggle for ownership of a controlling stake in Vostochny Bank between the main shareholders - the funds of Baring Vostok and Artem Avetisyan - turned into permutations in the top management of the bank.
Vostochny Bank has several potential threats to its capital. They are related to real estate on the balance sheet of the credit institution, changes in approaches to accounting and peculiarities of tax legislation.
The bank may change its control.
Last year, Artem Avetisyan, initiated the establishment of the reference bank for SMEs on the basis of "Uniastrum" and "Orient Express." Implementation of that idea will be difficult - the majority of Avetisyan's team will not enter the combined bank, and he's in the minority in the board of Orient Express.