“Premier” class Dachas

Comment by Andrey Borodin: Yet another testimony of that the most outspoken corruption fighters from among civil servants can often themselves stand at the top of corruptionist ratings.

Novaya Gazeta

Charitable funds connected with fellow students and relatives of Dmitry Medvedev are investing billions of roubles in development projects.

Many of us go in for collection – and the object of collection depends on the person’s resources. Even if one has no money at all, he can collect match boxes or beer lids. With greater resources, one can concentrate on antiques, works of art, or old automobiles. But only superstars may allow themselves to collect dachas. In the West, they are sports or show-biz stars, and in our country they are also politicians. Continue reading

Andrey Borodin: “There Are No Damages At All”

Forbes

The former head of the Bank of Moscow calls the charges of misappropriation of a billion roubles “a new fabrication of the investigators.”

The Russian Interior Ministry Investigation Department has brought new charges against the former top management of the Bank of Moscow. The former bank president Andrey Borodin, first vice president Dmitry Akulinin and vice president Alexei Sytnikov are charged with misappropriation and embezzlement of more than 1 billion roubles. In the theory of the investigators, from 2008 until 2010, a group of the bank’s top managers and employees organized by Borodin was practicing “misappropriation of entrusted funds through fictitious contracts for purchase and sale of foreign currency and illegally obtaining the difference between the rates in roubles”.

The first case against Borodin and Akulinin was opened in late 2010 – the bankers were accused of fraud with funds from the municipal budget in the amount of 12.76 billion roubles. Borodin and Akulinin were internationally wanted, but the United Kingdom gave Borodin political asylum (The Russian Interior Ministry claims that the same happened to Akulinin). In an interview with Forbes, Borodin spoke about why he considers the charge an invention of the investigators, what he did at the secret lunch of the Russian sponsors of the Conservative Party and what he thinks about possible extradition to Russia. Continue reading