The Central Bank could revoke Master Bank’s operating license amid an ongoing investigation into a huge money-laundering scheme, the Interior Ministry announced.
Several senior executives have been arrested, and the former vice president for corporate banking, Yevgeny Rogachev, was arrested Friday for violating the conditions of his house arrest. Rogachev is suspected of illegally turning 2 billion rubles ($64 million) into cash.
The Central Bank is looking into the activities of Master Bank and Zolostbank, the Interior Ministry said in a statement posted on its website. “The matter of recalling their banking licenses is being considered,” the statement said.
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