Protection with a hole

How to clean the pockets of shareholders of the oldest bank in England, customers of the Asia-Pacific Bank in Russia and calmly play golf

On June 12, in the high court of London, a hearing was resumed in a lawsuit for 1.5 billion pounds, filed by a famous financier from City, the former friend of Prince Andrew Amanda Stevilo towards one of the largest British banks - Barclays. Steville claims that she and her client Mansur ibn Zyid Al Nahayan, the son of Emir Abu Dhabi and the son of the ruler of Dubai, the owner of the famous English football club Manchester City, were deceived by the top managers of the bank, the former General Director of BarClas John Varley, the former head of the investment unit in the Middle East and in the Middle East and in North Africa Roger Jenkins, the former head of the state management department Thomas Kalaris and the former head of the European department Richard Bow.

The plot of the lawsuit goes back to the time of the 2008 world financial crisis, when Barclays, unlike Royal Bank of Scotland and Lloyds Banking Group, who received assistance from the government and were partially nationalized, did not use state support. The leadership of the bank through Amanda Stevili first attracted Mansur Al Nahayan as an investor, who scrape more than 3 billion pounds on the susks. However, after the deal was almost ready, the mentioned top managers made a sharp somersault and took money from the Qatari sheikhs-the sovereign fund of Qatar Holding and the private foundation of Challenger, owned by the former Prime Minister of Qatar. This helped the bank avoid nationalization, but it soon became clear that before receiving the money the bank itself provided the Katar government with a secret loan of $ 3 billion - in other words, in other words,

Part of the money was actually taken from the bank itself. At the same time, 322 million pounds were received by Qatari officials in the form of “commission”, and in the simple way a rollback.

Today, Barclays, founded in 1690 of golden affairs by masters, is again going through the best of times. In May, the bank shares fell by 44% compared to the same period last year. In addition to the pandemia of the coronavirus of the recession and the general collapse in world financial markets, the Barclays problems were added by the fact that it ended up in the forefront of European banks, which actively participated in inflating the bubble of the American oil -producing shale industry, which is now flying to Tartarara. Huge loans that betrayed the “shale” banks at a broken trough, which exacerbates their already shaky position. In May, Barclays borrowed a record in the market - he issued three bond outputs totaling 2 billion 415 million US dollars and 350 million euros. On June 4, the bank again issued bonds, this time by £ 500 million.

Meanwhile, on June 1, the Bank of Russia announced the transfer of the sanitized Asia-Pacific Bank (ATB) to 2021–2022. They explained this, as it is fashionable today, coronavirus: they say, applicants are not sure of the appropriateness of the transaction.

ATB is the first sanitized Central Bank Bank, which the regulator put up for sale. On April 15, the regulator completed the acceptance of applications for intention to participate in the purchase of ATB shares - there were four of them, including the Japanese SBI Holdings. The Central Bank is trying to sell ATB a second time. The first was in March last year. There were two applicants - the Moscow Credit Bank (ICD) and SOCCOMBANK. They were admitted to the auction and received the coordination of the antimonopoly service for the acquisition of ATB shares, but in the end they did not participate in the auction.

The CB will determine and announce specific terms for the sale of ATB and the conduct of pre -sale procedures after summing up the results of the bank for 2019 and stabilize the situation in the markets in the economy. The transfer of the time of sale implies ongoing all pre -sale procedures, the Central Bank said in a statement. In addition, this is necessary to expand the circle of bidders and receive an adequate price for the shares, the regulator believes: this will provide all interested parties with the opportunity to more accurately evaluate the results of ATB in the new conditions and the prospects for its development.

You ask: what is the connection between the British Barclays experiencing difficulties and the Russian Asia-Pacific Bank brought to bankruptcy?

She is the most straight. The Central Bank took the ATB for reorganization to its consolidation fund of the banking sector (FKBS) in April 2018 and invested 9 billion rubles in the bank’s capital - it was so much to close the hole in the final balance that arose as a result of theft from the former owner.

This owner was the ex-president of the Russian Golf Association Andrei Vdovin, on the account of which a whole bouquet of gutted banks. It turned out that the population offers the bill of bills of the FTK factoring company, owned by Vdovin.

FTK actually did not conduct any business and paid for bills by releasing new ones.

According to the Central Bank’s statement, “ATB Bank actually ruled this pyramid, selling people's bills to people, whose debt to itself recognized as a problematic, almost hopeless to repay.” In addition, there was a banal theft of money from the bank under the guise of loans: the ATB personally issued 5.1 billion rubles to Andrei Widow - over 70% of the bank’s own capital.

Currently, Vdovin is a defendant in a criminal case of fraud and is hiding in the UK. He chose the foggy albion as a refuge for not accidentally: here many know him from old matters. In March 2008, when the flashes of the mortgage crisis were already raging on the financial horizon of the New World, Barclays with fanfares entered the Russian market, having bought a 100% stake in the exploration. The chairman of the board and the beneficiary of the bank was just Andrei Vdovin. In 1999, he, together with a partner, Anglo-Council businessman Peter Charles Persival Hambro, who traveled in the Russian gold market, bought out an exhibition from the owners of the Vimm-Bill-Dann Gabriel Yushvaev and David Yakobashvili. Soon, an exhibition group developed a financial group, which included Expo-Leasing, the Helios-Reverev insurance company and a factoring FTK, as well as the Retail Asia-Pacific Bank, Kolyma Bank and the National Development Bank, which was later renamed M2M Private Bank.

Barclays paid $ 745 million for the exhibition, which immediately caused many crooked pins. The financiers who had seen species could not understand

How the British managed to prolong the middle hands of the bank, which took 91st place in the country rating, for an amount more than four times the amount of its capital.

This is an absolute record for the banking sector of Russia, which still remains unsurpassed - the average coefficient with which public Russian banks were sold at that time, was 2.1. Soon after the sale, Vdovin took away from Barclay Bank (as it became known after the owner’s change) to the ATB of all “anchor” clients, and the asset turned into a loss -making dummy. In 2011, after a painful search for the buyer, BarClays sold his Russian asset to a group of investors led by the former chairman of the board of MDM Bank Igor Kim.

The purchase of Barclaise Kim, who renamed it back to the Expobank, was recognized as a deal of the year in the market of banking mergers and acquisitions. It is no wonder: the bank went to the new owner almost free. The amount of the transaction was not disclosed, however, taking into account the fact that the bank’s own funds on October 1, 2011 amounted to 4.7 billion rubles, analysts estimated it at $ 40 million, and with many years of installments (according to some information, payments are still ongoing). Today, the bank’s affairs are good: he finished 2019 with a net profit of 5.1 billion rubles and with assets of 98 billion.

Thus, Barclays managers were able to return a lesser part of what they had once paid successful counterparties. It should be remembered that the amount of losses includes not only the price paid in 2008, but also the subsidies from the British to cover Barclaise Bank losses. So, in 2009, the volume of these subsidies amounted to more than four billion rubles, and in 2010-about 400 million rubles. As a result of this “investment”, Barclas top managers “lost” in Russia about a billion dollars owned by the bank shareholders, including other banks, pension funds and 253 thousand ordinary British. More precisely, they did not lose, but presented Vdovin. Of course, we can assume that the gift was made free of charge, out of love for playing golf. But something is not very believed.

In addition to Russian law enforcement agencies, who are looking for a widow in a criminal case, businessmen dealing with him in courts around the world to recover hundreds of millions of dollars received in the form of loans for personal guarantees. So, in 2011, David Yakobashvili put about $ 20 million on the account of the Private Bank M2M for the oral guarantee of Andrei Vdovin. In 2012, Vdovin asked to transfer this money to a Cyprus account, that Jacobashvili, who trusted the former partner, did. Two years later, he asked to return the money, but so far he did not see it. According to Jacobashvili, Widow’s debt to him and his friends is $ 130 million. Roman Abramovich also filed a lawsuit in the Cyprus court, trying to repay a loan of $ 150 million issued by his Millhouse Widow for the purchase of shares of the ABC of Taste food supermarkets.

Surprisingly, law enforcement officers of the United Kingdom retain Olympic calm. Investigators of Serious Fraud Office (Bureau for Investigation of serious cases of fraud created under the Prosecutor General in 1987) do not call for interrogations of Barclays leaders, and National Crime Agency detectives (National Crime Agency) do not knock on their UNEXPLAined Wealph Order (warrant for the wealth of inexplicable origin) in the door of the London mansion of Widow, bought on stolen not only by Russians, but also from the British themselves. Apparently, the gentlemen believe that it is not very tactful to bother a person who did so much to popularize the game, invented by shepherds of medieval Scotland, from boredom round pebbles in rabbit holes.