Andrei Kozlov Was murdered in September 2006
Court: Russian banker guilty in Kozlov murder
Posted 10/28/2008 3:02 PM | Comment | Recommend E-mail |
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By David Nowak, Associated Press Writer
MOSCOW — A Russian banker was found guilty Tuesday of
organizing the murder of a Central Bank official who
oversaw efforts to clean up the country's murky banking
industry, a court spokeswoman said.
A Moscow City Court jury decided that Alexei Frenkel,
the former chairman of
VIP Bank, ordered the September
2006 murder of Andrei Kozlov, spokeswoman Anna Usachyova
said. Six others were found guilty of involvement in the
murder, she said.
Kozlov, 41, was gunned down as he left an indoor soccer
game in northeastern Moscow. His driver, Alexander
Semyonov, died immediately, and Kozlov died the
following morning in the hospital.
Frenkel, 36, has denied any involvement in the murder.
He was so confident of being cleared that he had ordered
a taxi from the courtroom to take him home, state
Frenkel's lawyer Ruslan Koblev said they would appeal.
"We'll file an appeal to the European court in any case
irrespective of the verdict, because in our opinion the
violations made by the court and the prosecution in this
process have surpassed all possible limits," Koblev said
in televised remarks outside the courtroom.
Three Ukrainians -- Alexei Polovinkin, Maxim Proglyad,
and Alexander Belokopytov -- were found guilty of
killing Kozlov. A fourth Ukrainian, middleman Bogdan
Pogorzhevsky, and two people from Moscow, restaurant
owner Liana Askerova and businessman Boris Shafray, were
found guilty of being accessories to murder.
As first deputy chairman of Russia's Central Bank,
Kozlov inspected the activities of Russia's commercial
banks to weed out money laundering. He had the power to
revoke licenses and in summer of 2006, he suspended VIP
Bank along with dozens of other financial institutions.
"It's revenge. Of course it's revenge," state prosecutor
Gulchekhra Ibragimova said in televised remarks.
VIP's suspension came weeks after a Moscow court ruled
that the Central Bank had illegally refused to insure
deposits in it.
The murder trial has been closed to the public, with
authorities saying they feared outside pressure on the
A hearing to decide a sentencing date is scheduled for
Posted 10/28/2008 3:02 PM
Court sanctions arrest of main suspect in Central Banker
Moscow court formally sanctioned the arrest Monday of
banker Alexei Frenkel, a suspected paymaster in the
killing of a senior Central Bank executive four months
(Adds paragraphs 8-15)
MOSCOW, January 15 (RIA Novosti) - A Moscow court
formally sanctioned the arrest Monday of banker Alexei
Frenkel, a suspected paymaster in the killing of a
senior Central Bank executive four months ago.
Frenkel was taken into custody Thursday as a main
suspect in the murder of the Central Bank's First Deputy
Chairman Andrei Kozlov September 13. Kozlov, 41, was in
charge of bank licensing and closed down VIP Bank over
alleged money laundering three months before his
killing. Frenkel's lawyer has not confirmed his client's
former top position in the VIP Bank.
Prosecutors said they would press charges against
Frenkel Wednesday, and the banker said he would appeal
the court decision to sanction his arrest. "Of course, I
will appeal," he said.
On Friday, the court issued an arrest warrant for
another suspect in the case, Liana Askerova, who put the
blame on Frenkel during her questioning, Frenkel's
"Askerova is blaming Frenkel, saying he is allegedly
involved in the crime," Igor Trunov said, adding that
Frenkel, who pleaded not guilty, insisted on confronting
"Askerova's questioning is the only evidence the
Prosecutor General's Office has," Trunov said.
The woman's lawyer Yevgeny Martynov said Friday, "Liana
Askerova is involved in finance, but is not officially
on the staff of any bank."
Russia's leading business daily, Kommersant, quoted
sources close to the investigation as saying that a
personal conflict between Kozlov and Frenkel erupted in
2005 when the Central banker refused to include VIP Bank
into the deposit insurance system. Frenkel then resigned
as chairman of the bank's board and appealed the
decision in the Arbitration Court.
Witnesses said the banker also tried to organize a
personal meeting with Kozlov, who simultaneously began
receiving phone calls from top prosecutors and the FSB,
KGB's successor, demanding that VIP Bank be included in
the deposit insurance system, the paper said.
Frenkel won the appeal against the Central Bank's
decision but Kozlov conducted a separate check into VIP
Bank and withdrew its license, which infuriated Frenkel
and prompted him to order the killing, investigators
told the paper.
Frenkel addressed his acquaintance, Askerova, whom he
met in her restaurant, Trish, in Moscow and who had been
under investigation for fraud but was never found
guilty. She contacted a Ukrainian businessman, Boris
Shafrai who in turn found three people in eastern
Ukraine through another contact. Shafrai and the four
other Ukrainians agreed on a meager "reward" of $10,000.
Investigators later established the suspected "killers"
were not professionals.
One of the three men was found while trying to sell his
personal car he was driving on the day of the killing.
He gave away his two associates. The fourth man,
Shafrai's contact, was detained in late December and
implicated Shafrai, who declined to cooperate with
investigators, Kommersant said.
Following Shafrai's arrest, Askerova began looking for a
lawyer to help the businessman, a fact that attracted
police attention. Investigators' shadowing helped to
gather enough evidence to detain the woman who gave away
Frenkel's name when police told her Shafrai had revealed
all the details, the paper said, adding that all the
seven suspects in the case have therefore been arrested.
Frenkel has described his custody to Kommersant as "the
Central Bank's provocation against its opponent," and
his lawyer Trunov said his client had addressed all
issues with the Central Bank legally.
"There was a huge distance between Andrei Kozlov and
Alexei Frenkel," he told the daily. "Figuratively
speaking, it is the same as if somebody had ordered the
killing of the Moscow mayor because the hall in their
apartment block was poorly cleaned."
Seized documents point to
Neftyanoi Bank money laundering role
MOSCOW, December 9 (RIA Novosti) - Prosecutors raided
Neftyanoi Bank Thursday and seized documents that prove
the bank was involved in money laundering, the
Prosecutor General's Office said Friday.
"Investigators said the documents seized from the
Neftyanoi commercial bank were evidence that it had used
fake companies and their accounts to conduct illegal
bank transactions and launder money," the news release
said. "They discovered around 20 stamps of
organizations, which investigators said had been
involved in the illegal financial transactions."
"Heaps of banking papers and computer servers, which
investigators believe were used by the bank in illegal
transactions, were found in the cellar."
Boris Nemtsov, the bank's director who formerly served
as deputy prime minister under Russia's first President
Boris Yeltsin and co-led a liberal political party, said
Thursday the raid and searches were related to a
client's activities and not to the bank itself. He said
the bank had experienced several such raids already.
"Unfortunately, it is not an uncommon situation in our
country," Anna Yartsev, the bank press secretary, said
also adding that prosecutors were after the bank's
Bank Neftyanoi quietly shutting
Wednesday, 01 March 2006 03:00
Bank Neftyanoi, which was raided by prosecutors in
December and until recently was known for its links to
liberal politicians, appeared on Tuesday to be quietly
shutting down its operations.
"The bank has temporarily stopped accepting deposits
from individuals," said a note posted on the banks web
site, most links on which were disabled. The bank
appeared to have gone much further in shutting down,
No officials from the bank or its parent company were
immediately available for comment Tuesday, despite calls
to both companies and an attempt to visit the banks head
"Why are you calling us? There is no one to talk to you;
we are closing. We are down to about one-tenth of our
normal number of employees," said a woman who answered
the telephone at the banks headquarters Tuesday
A visit to the banks headquarters on Tuesday afternoon
revealed no outward signs of business activity. The
automatic teller machine in the buildings lobby was
turned off, and a movable sign for posting currency
exchange rates had been stowed in a corner, with no
currency figures posted.
A security guard in the lobby declined to let a reporter
enter, and said that no representatives of the bank were
available for comment.
Press officials at the Central Bank, and its Moscow
division, said that Neftyanois operating license had not
been revoked. Most bank closures in recent years have
involved such a move.
They refused to comment further, citing laws on "banking
At the office of the banks parent company, Concern
Neftyanoi, no officials were available for comment,
while a secretary who answered the telephone said that
there were very few people left there.
In addition to the bank, the countrys 76th-biggest,
Concern Neftyanoi has various petrochemicals,
construction and media interests.
OMON troops and officials from the Prosecutor Generals
Office raided the bank as part of a money-laundering
probe in December. In late January, Igor Linshits, head
of Concern Neftyanoi and a supporter of liberal
politicians, was put on a federal wanted list on charges
of illegal banking activities and money laundering. His
whereabouts are unknown.
A spokesman for the Prosecutor Generals Office refused
to comment on the latest developments involving
Former Union of Right Forces leader Boris Nemtsov, who
served as a Concern Neftyanoi director until December,
also refused to comment about the bank Tuesday. "I have
nothing to do with it. I am not involved in any form,"
he said by telephone.
In December, Nemtsov and political analysts said the
bank raid could be a warning from authorities that
businesses should not side with the opposition.
Nemtsov has expressed support for former Prime Minister
Mikhail Kasyanovs bid for the presidency.
Until December, Bank Neftyanoi remained out of the
spotlight, and to most observers was nothing but an
"On the surface, just a few months ago, the bank did not
appear to be a cause for any particular concern," said
Natalya Ponomaryova, deputy director of Rusrating rating
"Certainly, recent events were unpleasant, but such a
speedy worsening of the situation was hard to predict."
Staff Writer Stephen Boykewich contributed to this
Ukraine billionaire accused of fraud and coercion in US
Posted on August 5, 2013 | Leave a comment
Graham Stack for Business New Europe in Kyiv
July 31, 2013
Ukrainian billionaire Dmitry Firtash and his bank seized
a soybean oil plant through “a campaign of fraud,
physical threats, coercion and corruption,” according to
a lawsuit brought by businessmen Vadim and Ilya Segal.
But the case may bear not so much on ownership of the
plant, as on a massive bank fraud in Ukraine committed
nearly five years ago at the height of the global
financial crisis – and could spark revelations about the
reach of organised crime in post-Soviet banking.
Brothers Ilya and Vadim Segal, the owners of Cyprus
company Dancroft Holdings, in turn the former owner of
Ukrainian company Kakhovka Prom Agro, have filed a
complaint against one of Ukraine’s richest and most
furtive men Firtash and Nadra Bank, currently the
Ukraine’s 11th largest lender, in New York County
According to the complaint, Firtash, as the new owner of
Nadra Bank after 2008, pressured the Segal brothers over
around $40m outstanding loans to Nadra owed by Kakhovka
Prom Agro, a soybean oil producer in Kherson region, and
other agricultural businesses controlled by the Segals.
The brothers claim that Firtash entered a handwritten
agreement with them in July 1, 2009 that apparently
settled the issue of the debts, freeing Kakhovka from
further payments in exchange for the Segals’ purchasing
the debts at 50% of their value.
However, according to the complaint, Firtash failed to
comply with the agreement and instead launched a barrage
of lawsuits. In addition, Nadra Bank deliberately
supplied Kakhovka with a false bank account number,
preventing the successful transfer of any funds to the
bank. In December 2010, Nadra Bank then took control of
the plant, installing new management. Firtash’ press
service has declined to comment on the complaint.
The whole saga about the dispute and alleged seizing of
Kakhovka Prom Agro is used to explain why in March 2011
Ukraine’s security service SBU brought charges of
large-scale fraud against the Segals – charges which
have now placed them on Interpol’s red list, the closest
that exists to an international arrest warrant. This was
allegedly part of the plan forcing the Segals out of the
country, making them unable to contest the takeover of
The complaint adduces widespread reports (although
apparently no documentary proof) that the then head of
the SBU, Valery Khoroshkovsky, is a business partner of
Firtash, together with head of the presidential
administration Sergei Levochkin, and former energy
minister, now Deputy Prime Minister Yury Boiko. Thus
according to the complaint, the SBU, in bringing charges
against the Segals, was simply acting on behalf of
“As a result of Firtash’s intimate connections
to the government, there is no fair and impartial forum
for plaintiffs’ grievances in the Ukraine,” the
The Segals are now demanding actual and punitive damages
against Firtash and Nadra Bank for their “extreme and
outrageous conduct,” including breach of contract,
unjust enrichment, fraud, and conspiracy.
Blast from the past
The complaint apparently neglects to mention some key
facts, however. The Segals themselves are widely to
believed to have been from 1997-2008, via a proxy, one
of the major shareholders in Nadra Bank before its
bailout. Publicly they only acknowledge on Vadim Segal’s
blog that “in 1996 Mr. Segal took part in reorganization
and development of the bank.”
However, their agricultural companies feature among the
leading borrowers from the bank, in a list of its
largest debtors published by the bank in October 2009.
The other leading debtors were companies linked to Ihor
Eremeev, owner of the Kontinuum group of fuel retailing
companies, also believed to have held a large stake in
the bank via a proxy. In addition, the Segals’ ties to
Nadra Bank’s manager from 1997-2009 and co-accused, Igor
Gilenko, appear corroborated by leaked company data from
the British Virgin Islands database, which show the
Segals and Gilenko to be co-directors of an offshore set
up in 2003, Universal Advisory Capital Limited.
According to Ukrainian court records, the Segals are
accused of conspiring with Gilenko to steal $25m from
Nadra Bank in 2008, via companies KUA Kruar and TOV
Solnechnaya Dolina. An appeal against the charges was
turned down by Ukrainian courts in June 2011, and in
July 2011 the Segals fled Ukraine, according to Vadim
Nadra Bank was before the crisis Ukraine’s eighth
largest and a brash exponent of the virtues of the
credit boom, with CEO Igor Gilenko touted as a financial
Wunderkind and regularly winning top awards as banker of
But the dream turned sour. Allegations of massive fraud
at Nadra Bank in late 2008 are no invention of Firtash
and his cronies: It was in fact then prime minister
Yulia Tymoshenko – Firtash’ arch-enemy – who first
railed against the theft of bailout funds from Nadra as
the global financial crisis struck. According to
reports, the National Bank of Ukraine lent Nadra Bank
nearly $1bn from October through December 2008, but in
February 2009 the bank had nevertheless to be placed
under temporary administration. The bank had reportedly
used more than half of the NBU money, intended for
recapitalisation, to buy dollars at the official lower
rate and re-sell them commercially at a higher rate. The
remainder was used to make new loans. It is these new
loans made in October-December 2008 that the criminal
charges against the Segals apparently refer to.
Also listed as co-conspirators in the criminal case in
Ukraine against large-scale fraud at Nadra Bank are
unnamed officers at Latvia’s Trasta Komercbanka,
presumably where the allegedly stolen funds were
transited through. Trasta Komercbanka has previously
been involved in similar stories – for instance listed
as transiting $1.5bn moved by Kazakhstan banker Mukhtar
Ablyazov from his bank BTA in an assets retrieval court
case won by the now nationalised BTA in the High Court
of London in 2011. The bank denies any irregularities
regarding anti-money laundering compliance.
However, the mention of Trasta Komercbanka officers as
co-conspirators of the Segals is intriguing, because the
bank is linked to Firtash through his long-term junior
partner Ivan Fursin, and other associates. Fursin owns
20-33% in Trasta Komercbanka. In 2009, Charles Treherne,
deputy head of Firtash’s holding company Centragas AG,
sat on the board and held a stake in Trasta Komercbanka.
Centragas is now Nadra Bank’s shareholder.
Firtash may use this fact to refute the Segals’ claims
that he is behind the criminal charges brought against
the Segals – why would he incriminate a bank to which he
is closely linked? The real reason for filing the
lawsuit may be for the Segals to build a case against
extradition, bne sources believe.
The court case may be fascinating for what it yet
reveals about the post-Soviet underworld, and organised
crime’s reach in the region’s banking – especially if,
as seems probable, the Segals’ intention may be to drag
Firtash’s name through the mud until he lobbies in
Ukraine to get charges against them dropped.
There is plenty of potential mud out there, considering
that even such a “diplomatic” source as the leaked US
embassy cables at the wikileaks website adduces business
links between Firtash and alleged global crime lord,
Kyiv-born Semyon Mogilevich, now resident in Moscow. The
cables even quote Firtash directly acknowledging such
links. Firtash has denied making any such statements.
Moreover, the Segals may be optimally placed to shed
light on such ties: their business career started in a
number of banks in 1990s’ Russia that later acquired a
reputation for organised crime links: Vadim Segal
partnered Aleksei Frenkel at Moscow’s Neftyanoi bank
1993-1997, as a result of which “the bank became one of
the most innovative financial institutions in Russia,”
according to Segal’s blog.
In 2006, the Central Bank of Russian withdrew
Neftyanoi’s licence due to money-laundering suspicions,
whereupon Russia’s deputy central bank head and
“anti-money laundering tsar” Andrei Kozlov, was slain by
Ukrainian hired killers in Moscow. In 2007, Neftyanoi’s
Frenkel received a 19-year jail sentence for organising
the killing. The Segals failed to respond to questions
filed to them via their blog and their lawyers.
The Segals may well be now grinding their teeth as they
bitterly rue missed chances, with the fifth anniversary
of the global financial crisis that devastated Ukraine’s
economy looming: In the months leading up to the crisis,
European banks were queuing up to pay top dollar for
Ukrainian banks, and Nadra Bank one of the few top ten
banks not yet to have closed a deal: according to a
Forbes Ukraine report, in January 2008 Italy’s Intesa
Sanpaolo offered $1.5bn for the bank. However the Segals
and their co-owners held out for more – then the crisis
struck, and they lost everything.
Someone else got lucky in their stead: Intesa Sanpaola
in the final analysis purchased the smaller Pravex Bank
from the then mayor of Kyiv, Leonid Chernovetskii, for
$750m, in February 2008, only months before the crisis
struck. On July 23, 2013, Ukrainian media reported
Intesea Sanpaola has put the bank up for sale after
years of losses, with evaluations at around one-fifth of
its original acquisition price.
LIBERAL SUPPORTER PUT ON FEDERAL WANTED LIST
By Valeria Korchagina
Published: January 31, 2006 (Issue # 1141)
Igor Linshits, head of the Concern Neftyanoi business
group and a prominent supporter of liberal politicians,
was put on a federal wanted list on charges of illegal
banking activities and money laundering, the Prosecutor
General’s Office said Friday.
The announcement came nearly two months after
prosecutors and OMON special forces raided a Neftyanoi
affiliate, Neftyanoi Bank, in an investigation into
suspected money laundering. The raid was seen by some as
a warning to backers of the liberal opposition,
including former Prime Minister Mikhail Kasyanov, who
last year declared his intention to run for the
presidency in 2008.
Linshits appeared to be out of prosecutors’ reach. He
left Russia for an unidentified European country,
Kommersant reported Saturday. Officials at Neftyanoi
declined to comment Friday.
The Prosecutor General’s Office refused to provide
details of the charges, but a source in the office told
Interfax on Friday that Linshits had been charged with
earning 57 billion rubles ($2 billion) through illegal
banking activities and laundering 610 million rubles
($22 million). No time frame for the alleged offenses
Founded in 1993, Concern Neftyanoi includes Russia’s
76th-largest bank, Neftyanoi, and various
petrochemicals, construction and media interests.
Yeltsin-era powerbroker Boris Nemtsov, a former deputy
prime minister and a co-leader of the Union of Right
Forces party, or SPS, resigned as a director of
Neftyanoi Bank after last month’s raid.
At the time of the raid Nemtsov, along with a number of
political observers, said the search could be a warning
from the authorities to businesses not to side with the
Nemtsov resigned his post at the bank a few days after
the raid in an apparent attempt to reduce the political
risks for Neftyanoi.
When contacted by telephone Sunday, Nemtsov refused to
comment on the charges against Linshits. He also
declined to comment when contacted by Kommersant.
Nemtsov’s reluctance to speak out could have been
prompted by a desire to protect Linshits and Neftyanoi’s
business, liberal politician Irina Khakamada said.
“You have to remember what happened to Yukos. Any public
attempt to resist provokes an even tougher reaction, any
comment can harm the company,” she said, Kommersant
The news of the charges against Linshits came a day
after Nemtsov was appointed to head an SPS committee
tasked with uniting the liberal opposition.
Despite repeated attempts to form a united front against
the Kremlin, the country’s liberal parties have yet to
agree on a common program or pick a leader acceptable to
the various parties and factions.
Some recent progress, however, was made when liberal
parties agreed to field a united list of candidates for
December’s Moscow City Duma elections.
Moscow court upholds VIP-Bank license revocation
A Moscow arbitration appeals court has upheld a decision
to revoke the license of a bank whose former board
chairman, Alexei Frenkel, has been charged with
masterminding the murder of a senior banking regulator.
MOSCOW, February 8 (RIA Novosti) - A Moscow arbitration
appeals court has upheld a decision to revoke the
license of a bank whose former board chairman, Alexei
Frenkel, has been charged with masterminding the murder
of a senior banking regulator.
The court thereby turned down an appeal from three
companies, the bank's shareholders.
Frenkel Gets 19 Years In Kozolov's
By Francesca MereuNov. 14 2008 00:00
Banker Alexei Frenkel standing behind bulletproof glass
Thursday in the Moscow City Court, which sentenced him
to 19 years in prison on charges of ordering the murder
of Central Bank First Deputy Chairman Andrei Kozlov in
The Moscow City Court on Thursday sentenced banker
Alexei Frenkel to 19 years in prison for ordering the
2006 killing of central banker Andrei Kozlov, who had
led a campaign against money laundering and corruption.
Frenkel, 36, was convicted last month along with six
other defendants of organizing and carrying out Kozlov's
assassination, which prosecutors said was motivated by
revenge after the first deputy head of the Central Bank
had stripped hundreds of banks of their licenses. Four
of those banks were linked to Frenkel.
The court sentenced the other defendants, including
three Ukrainian citizens convicted of carrying out the
attack on Kozlov, to prison terms ranging from six years
Prosecutor Gulchekhra Ibragimova said she was satisfied
with Frenkel's sentence, describing it as "fair, in line
with the law and well-founded," Interfax reported.
Prosecutors had asked that Frenkel, who has maintained
that he is innocent, be sentenced to life in prison.
Frenkel's family said he would appeal. "For him, a life
sentence and 19 years are the same thing," Frenkel's
brother, Mikhail Frenkel, told Interfax.
"He didn't move a muscle in his face," Frenkel's father,
Yefim Frenkel, said. "Maybe the Supreme Court will sort
Kozlov was gunned down in September 2006 as he left a
Moscow football game. His driver, Alexander Semyonov,
died immediately, and Kozlov died the following morning
in the hospital.
Kozlov, 41, had led a campaign to clean up the banking
sector and the Central Bank revoked the licenses of
dozens of private banks, accusing them of many forms of
criminal activity including money laundering.
Investigators said Frenkel, whose Sodbiznesbank and
VIP-Bank had their licenses revoked by Kozlov, lost
billions of rubles as a result of Kozlov's actions.
The court on Wednesday sentenced Alexei Polovinkin, the
man convicted of pulling the trigger in the attack, to
life in prison. Maxim Proglyad, who was convicted only
of shooting at Kozlov's driver, was sentenced to 24
Moscow residents Boris Shafrai and Liana Askerova, who
were convicted of being accessories to the murder, were
sentenced to 14 and 13 years in prison, respectively.
The jury last month asked for leniency for Bogdan
Pogorzhevsky, who admitted his guilt and testified
against the other suspects, and Alexander Belokopytov,
who they said played a minor role in the killing. The
court handed Pogorzhevsky and Belokopytov six- and 10
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3 Jurors Charged In Banker's Trial
By UnknownJul. 17 2008 00:00
Three jurors in the 2006 murder trial of central banker
Andrei Kozlov have been charged with wrongdoing,
officials said Wednesday.
One of the unidentified jurors has been charged with
attempted obstruction of justice after he purportedly
tried to bribe fellow jurors to declare murder suspect
Alexei Frenkel not guilty, prosecutors said, Interfax
Frenkel's lawyer, Ruslan Koblev, described the charges
as an effort by the government to tip the jury in favor
of convicting Frenkel, the former CEO of VIP-Bank, whose
bank was shut down by Kozlov. "They don't like this
jury. They need another jury that will make a decision
that suits them," he said.
Two other jurors were removed from the jury after being
charged with drinking in public and talking about the
Central banker murder suspect asks to return to court
MOSCOW, April 24 (RIA Novosti) - The main suspect in the
murder of a top Russian banking regulator wants to be
re-admitted to his trial after being removed from the
court on Tuesday, his lawyer said.
Central Bank Deputy Chairman Andrei Kozlov, who oversaw
bank licensing and led efforts to close down dozens of
banks, including over money laundering, was shot dead
along with his driver in September 2006.
The main suspect in the case is former banker Alexei
Frenkel. He has been in custody since January 2007.
Frenkel, along with restaurant owner Liana Askerova,
whose testimony led to his arrest, and Boris Shafrai, a
Ukrainian businessman, are accused of organizing the
"Frenkel believes holding a court investigation in his
absence is impossible, as his lawyers are not familiar
with the criminal case materials, and he has questions
for the eyewitnesses," lawyer Ruslan Koblev said.
He said a ruling on Frenkel's petition will be made not
before Monday, as hearings have been postponed until
A Moscow City Court judge removed Frenkel from the court
session on Tuesday after, as Koblev said, "Frenkel
voiced his objections to the presiding judge's actions."
Another four people have been charged with involvement
in the murder. Another suspect is on the international
Investigators said Frenkel paid $300,000 for the murder,
and that the perpetrators received $3,000 to $8,500 and
intermediaries over $80,000 each.
Four versions in Kozlov central banker murder case -
Four versions of the murder of Russian Central Bank
First Deputy Chairman Andrei Kozlov have been proposed,
the first deputy prosecutor general said Friday.
MOSCOW, September 15 (RIA Novosti) - Four versions of
the murder of Russian Central Bank First Deputy Chairman
Andrei Kozlov have been proposed, the first deputy
prosecutor general said Friday.
Alexander Buksman said one of the versions was "linked
with Kozlov's professional activities."
Kozlov, 41, died Thursday morning after gunmen opened
fire on him with semi-automatic weapons late Wednesday.
Kozlov's driver was also killed in the attack.
Buksman said 30 people are involved in the investigation
of Kozlov's murder. "They are the best investigators and
most qualified employees," he said adding that no
suspects had been detained yet, and that their photokits
were not available.
He also said Kozlov's killers were professionals judging
by a number of details. Buksman said the gun's handle
"was wrapped with textile tape that leaves neither
fingertips nor smell."
Buksman said according to one of the four versions,
Kozlov could have been killed by mistake, but it was a
Kozlov oversaw the Central Bank's efforts to clean up
the banking sector, and was shot in an attack that bears
the hallmarks of a contract killing as he left a sports
stadium in the northeastern Moscow district of Sokolniki.
His driver Alexander Semyonov was killed at the Spartak
stadium, where Kozlov had watched Central Bank employees
play soccer. The banker underwent emergency surgery for
a gunshot wound to the head.
But a hospital official said Thursday morning that
doctors were unable to save the married father of three
after an operation lasting five hours.
President Vladimir Putin offered his condolences to the
banker's family Friday and asked the Central Bank's
heads "to make every effort to support them."
Kozlov led efforts to close down dozens of banks for
violations of banking legislation, particularly on money
laundering, and Central Bank regulations. Two
high-profile cases centered on the revocation of
licenses from Moscow-based Sodbiznesbank in 2004 and
Neftyanoi Bank this year, but the CBR has been
withdrawing licenses almost by the week in 2006.
Central Bank executive killer's appeal for civil damages
Convicted murderer appeal against Russian authorities to
be heard on Nov. 20
Convicted murderer denied compensation from federal
$609k lawsuit by convicted banker shelved
Convicted banker seeks $612k from government corporation
© RIA Novosti, Ruslan Krivobok
Tags: Investigative Committee, Deposit Insurance Agency,
MOSCOW, November 20 - RAPSI. The Ninth Commercial Court
of Appeals has dismissed an appeal of Alexei Frenkel,
who was convicted of the murder of Central Bank Deputy
Board Chairman Andrei Kozlov, against the court's
refusal to reconsider the lawsuit on the recovery of
$572,530 from the Deposit Insurance Agency and the
Investigative Committee, the court told the Russian
Legal Information Agency (RAPSI/rapsinews.com) on
The Ninth Commercial Court of Appeals has dismissed an
appeal launched by convicted murderer Alexei Frenkel
challenging the court's earlier decision not to
reconsider his $572,530 claim against Russian
investigative authorities and his victim's business, the
court told the Russian Legal Information Agency (RAPSI/rapsinews.com)
Frenkel was convicted of murdering Deputy Board Chairman
Frenkel failed to attend the hearing on Tuesday.
The appeal disputed the Moscow Commercial Court's June 6
ruling, which dismissed Frenkel's statement of civil
claims against Russia's Investigative Committee and the
Deposit Insurance Agency, which Kozlov founded. The
decision was due to Frenkel's failure to submit the
The Moscow City Court sentenced Frenkel to 19 years
behind bars on November 13, 2008. He was also ordered to
pay 10 million rubles ($318,070) to Kozlov's father.
In addition to founding the Deposit Insurance Agency,
Kozlov headed the Central Bank's supervisory division.
His responsibilities included selecting banks for the
deposit insurance system and revoking banking licenses.
The attempt on Kozlov's life took place on September 13,
2006. Kozlov and his driver were shot. His driver died
on the spot, while Kozlov died in hospital the next
Frenkel was the chairman of VIP Bank. His bank forfeited
its license in 2006 for multiple violations of
money-laundering legislation. According to the case
records, Frenkel was also associated with the
establishment of Sodbusinessbank, which also lost its
In the jury's view, the investigators managed to prove
that Kozlov's role in revoking banking licenses
inflicted multimillion dollar losses. The case records
read that Frenkel paid $300,000 for Kozlov's murder. Out
of this, the killers received between $3,000 and $8,500,
while the intermediaries received $80,000 or more.
The Deposit Insurance Agency, established in January
2004, pays out compensation to depositors for deposits
at insured events, keeps a register of banks
participating in the deposit insurance system, controls
the formation of the deposit insurance fund, including
by contributions from banks, and controls the means of
the deposit insurance fund.
Central Bank is the main state bank. It was established
in July 1990.
From Wikipedia, the free encyclopedia
(Redirected from Andrei Kozlov)
For footballer, see Andrei Vladimirovich Kozlov.
Andrei Andreyevich Kozlov (Russian: Андре́й Андре́евич
Козло́в; January 6, 1965 – September 14, 2006) was the
first deputy chairman of the Central Bank of the Russian
Federation from 1997 to 1999 and again in 2002 to
Kozlov was fluent in Russian, German, and English. He
was married, and had three children. Kozlov died on
September 14, 2006, in Hospital No. 33 in Moscow from
gunshot wounds he sustained the night before.
3 Natalia Morar's investigations
6 See also
8 External links
Kozlov was born in Moscow and served in the Soviet Army
from 1983 to 1985. He then attended the faculty of
international economics at Moscow Institute of Finance,
where he graduated in 1989. He began working at the
Soviet Union's central bank in the same year as a senior
economist. He left the Bank of Russia in 1999 to work in
the private sector, before returning to the Bank of
Russia in April 2002.
Kozlov introduced a deposit insurance system and founded
the Deposit Insurance Agency to restore public faith in
the banking system after the 1998 Russian financial
crisis. Kozlov prevented other banks from continuing
operation by denying them access to the deposit
insurance system. As head of bank supervision, Kozlov
withdrew licences from banks suspected of money
laundering and other crimes. In 2004, Kozlov took
control of Sodbiznesbank, accusing the bank of engaging
in laundering ransom money from hostage-taking. In
2006 he revoked the license of Neftyanoi Bank.
In 2005, Kommersant reported that Kozlov is "valued as a
top-of-the-line professional. He is also given due
credit as one of those who started the formation of the
stock market in Russia." After his death, Kommersant
credited Kozlov with combating "gray schemes," illegal
importing practices that minimize customs duties and
value-added tax payments.
On September 8, 2006, the Friday before his murder,
Kozlov gave a speech at a banking conference in Sochi,
saying, "Those who have been found out laundering
criminal money should probably be barred from staying in
the banking profession for life. Such people disgrace
the banking system."
Raiffeisen Zentralbank in Austria and Diskont Bank in
Russia have been accused of money laundering. In
September 2006, Andrey Kozlov revoked Diskont's license.
Just days later Kozlov was murdered.
According to Svetlana Petrenko, spokeswoman for the
Moscow prosecutor's office, two gunmen shot Kozlov in
the head and neck at 8:50 PM, but other law
enforcement officials claim Kozlov was shot at 8:30
PM. Inna Sergeyeva, deputy head doctor at the
Hospital No. 33 in Moscow, said Kozlov later died of his
injuries. Prime Minister Mikhail Fradkov ordered
Prosecutor General Yury Chaika, who is personally
prosecuting the case, to provide regular reports on
Kozlov was near the Spartak sports center with his
driver, Alexander Semyonov, when they were shot.
Semyonov died at the scene and Kozlov died after doctors
unsuccessfully performed emergency surgery. The
police later found weapons they suspect were used in the
attacks: a "handmade pistol and a modified Baikal
pistol... in tall grass near the Spartak sports center,
250-300 meters away from the site of the incident,
during the investigation of the crime scene."
Boris Gryzlov, speaker of the State Duma, the lower
chamber of parliament, said, "The central bank revoked
licenses of a number of banks, and it's quite possible
that the gangsters linked to them might have put out a
contract on him."
Natalia Morar's investigations
Main article: Natalia Morar
When Natalia Morar investigated Raiffeisen Zentralbank,
she was expelled and she says she received a death
threat from the FSB.
Levan Zolotarev, a senior vice president at Russian
Standard Bank, said, "Kozlov was a strong believer in
reforming the financial markets of Russia. He pushed
many radical changes that were important for the banking
business." Zolotarev first met Kozlov when they studied
at Moscow Financial Institute. Recently they worked
together on amendments to a bankruptcy bill, which was
to be voted on in the Duma in late 2006, making
subordinated loans equivalent to capital. Finance
Minister Alexei Kudrin described Kozlov as "a very
courageous and honest personality, who has been on the
frontline of the struggle against financial crimes,"
frequently damaging "the interests of dishonest
financiers." Anatoly Chubais, Chairman of RAO UES,
said Kozlov was "an undoubtedly honest, principled, and
absolutely non-commercial man. He was one of the most
professional people in the entire Russian banking
sector," calling his assassination a "blatant
challenge to the entire Russian government system. This
is a case when the authorities must respond in a tough
manner, promptly, and mercilessly." Mikhail
Grishankov, a senior member of the lower chamber of
parliament, said the assassination was a spit in the
face of the state. Punishing the killers is a "matter of
honor... This is a terrible murder of a person who
protected interests of the state and opposed schemes
used by some banks to legalize revenues of shadow and
criminal business. Criminal groups that control those
banks will stop at nothing." The Central Bank issued a
statement applauding Kozlov for making a "huge
contribution to the reform of the country's banking
system, making it more effective, transparent and
stable." Oleg V. Vyugin, Russia’s chief securities
regulator, in a telephone interview, said, "It was
criminals taking revenge for the legal actions of the
central bank, and unfortunately Mr. Kozlov paid the
On October 28, 2008, a trial jury reached the verdict in
the murder case. Banker Aleksei Frenkel, Liana Askerova
and Boris Shafrai were found guilty of organizing
Kozlov's murder, and Bogdan Pogorzhevsky, Aleksei
Polovinkin, Maksim Proglyada and Aleksandr Belokopytov
were found guilty of carrying it out. According to
the prosecution, Frenkel organized the murder after his
bank, VIP-Bank, lost its license on June 16, 2006 by
Kozlov's decision (Kozlov accused the bank of money
laundering). Frenkel asked his former co-worker,
Askerova (who owned a restaurant at the time), to get
him in touch with somebody who can kill Kozlov, and she
found more intermediaries in Pogorzhevsky and Shafrai,
who, in turn, found the shooters - Proglyada and
Polovinkin. Frenkel paid $310,000 to Askerova, out of
which $200,000 went to Pogorzhevsky, $90,000 to Askerova
and only $20,000 to the shooters themselves. Another
person involved, Andrei Kasmynin, was still not under
arrest and was wanted by the police at the time of the
trial. Based on the jury's verdict, the judge
sentenced Frenkel to 19 years of imprisonment.
Polovinkin received a life sentence, Proglyada - 24
years, Shafrai - 14 years, Askerova - 13 years,
Belokopytov - 10 years, Pogorzhevsky - 6 years. The
appeal was rejected by the Supreme Court of Russia on
November 17, 2009. Proglyada's sentence was reduced to
22 years, all the other sentences were not changed.
Kasmynin was eventually arrested and sentenced to 9
years of imprisonment on March 19, 2010.
On May 18, 2010, the investigators issued an indictment
against 58-year-old Sergei Levin, who was one of the
jurors in the Frenkel trial. Allegedly he tried to bribe
other jurors to rule Frenkel not guilty, because he did
not agree with the manner in which the judge carried out
the trial. The bribe offer came to light during the
trial and he was removed from the jury before they
reached the verdict. Levin admitted his guilt during the
^ Jump up to: a b c d e f g Obituary: Andrei Kozlov BBC
^ Jump up to: a b Russian Central Banker Kozlov Dies
After Being Shot Last Night Bloomberg.com
^ Jump up to: a b c d e f g Deputy Russian central bank
chief Kozlov dies after shooting RIA Novosti
^ Jump up to: a b c d e Russian Central Banker Kozlov
Dies After Being Shot Bloomberg.com
Jump up ^ Who Whacked Kozlov? An update on last year’s
Central Bank murder mystery. The Exile
Jump up ^ Robert Amsterdam: Raiffeisen's Ties to Murder
and Corruption in Russia, Raiffeisen's Russia Scandal -
Part I, Raiffeisen's Russia Scandal - Part II, Moscow
Times Digs Deeper on Diskont, Raiffeisen, and the Kozlov
^ Jump up to: a b Russian Bank Reformer Dies After
Shooting The New York Times
Jump up ^ Police find murder weapons in Kozlov case
Jump up ^ Moscow’s New Rules. By Adam Federman, Columbia
Journalism Review, February 1, 2010
Jump up ^ Kozlov's murder a "blatant challenge" -
Jump up ^ Jurors find Frenkel guilty, Kommersant,
October 28, 2008
Jump up ^ Prosecution asked for no mercy to Frenkel,
Kommersant, October 15, 2008
Jump up ^ Frenkel sentenced to 19 years, Kommersant,
November 13, 2008
Jump up ^ Френкель без изменений
Jump up ^ "Обвиняемый в убийстве зампреда ЦБ Андрея
Козлова осужден на девять лет". RIA Novosti. Retrieved
Jump up ^ Сенаторов, Юрий (May 19, 2010). "Присяжный
признался в противосудном деянии". Kommersant.
Articles from around the world focusing on Andrei Kozlov.
Moscow Times Digs Deeper on Diskont, Raiffeisen, and the
A Pocket Bank and A Murder Mystery By Simon Shuster and
Nikolaus von Twickel