Bank of Moscow
The Bank of Moscow and the Moscow government held a controlling stake in “City Insurance Group”. Fearing the loss of control over the company's activities and transfer of 50 percent plus one share to the VTB bank, former president and vice-president of Bank of Moscow Andrei Borodin and Dmitry Akulinin worked out a criminal scheme in which they involved subordinates from the administrations of affiliates. As a result of transactions with the securities from October 2010 through March 2011, the control over City Insurance Group passed to an offshore company, which caused a 1,708,635,380-rouble damage to the Bank of Moscow and its affiliates.