Deutsche Bank AG intends to accelerate the break with Cypriot Bank RCB Bank, co-owned VTB group, after the publication of “the Panama papers” that appeared this credit institution, reports Bloomberg citing a source familiar with the situation.
While the RCB Bank rejected the link between the scandal associated with the publication “the Panama document”, and the decision by Deutsche Bank to cease contact. “RCB Bank Ltd categorically denies any connection between the fact related to “the Panama document”, and the decision of Deutsche Bank to abandon the clearing operations in some regions. We were informed of the decision of the Deutsche Bank long before “the Panama document”. More specifically, we were informed about this decision, as we understand it, is an integral part of the change in the strategy of Deutsche Bank from 21 March 2016″, — quotes RIA Novosti statement by the representative of the Bank.
Bloomberg also says that the notice from Deutsche Bank received RCB Bank on 21 March, during the transitional period the correspondent relationships between entities will be saved. Publication data legal Panama company Mossack Fonseca, says the Agency, forced the German Bank to speed up this process.
“It should be noted that our cooperation with Deutsche Bank will continue during the transition period. Our cooperation all these years has been successful and can be characterized by a high level of professionalism. We respect the decision of Deutsche Bank and thank them for their cooperation”, — said the representative of RCB Bank.
Earlier the Bank rejected published in mass media information about the investigation about the offshore. “Regardless of any claims of the persons or companies mentioned in the investigation, RCB Bank Ltd has never provided and does not provide unsecured loans. Moreover, when granting loans, the Bank performs all the necessary procedures and, in particular, has a full understanding of the purposes of planned transactions”, — said in a statement the Bank sent to RBC.
RCB Bank was particularly specified that the investigation referred to in cellist Sergei Roldugin, in the friendship which admitted President Vladimir Putin, have never been a customer of the Bank, neither as an individual nor as the beneficiary of any company.
Roldugin appeared in the proceedings of the International consortium of investigative journalist (ICIJ) and the Center for the study of corruption and organized crime (OCCRP), which on 3 April published an investigation about the international network of offshore companies. It was based on the Panamanian legal documents of the company Mossack Fonseca.
As reported in “Novaya Gazeta”, according to the documents, Roldugin was the owner Sonnette Overseas with the British virgin Islands and International Media Overseas (IMO) from Panama. According to the publication, each of these offshore companies had their own role. Alone without the security of “hundreds of millions of dollars” from Cypriot Bank RCB, a significant proportion of which belongs to state Bank VTB, and then distributed these funds to other companies for various needs. Other offshore companies were used to control large blocks of shares in Russian enterprises. Still others played the role of technical firms, which were run through money or written off unrecoverable debts, claimed edition.