Bank of Moscow has been fined 70 million rubles for collusion in the insurance market

Office of the Federal Antimonopoly Service in Moscow issued a decree imposing fines against the Bank of Moscow. As stated in the message department, 10 December, the Commission recognized FAS in the actions of the bank and several insurance companies ("Insurance Group IIC, ROSNO, Ingosstrakh, Renaissance Insurance Group", "Alfa Insurance", "FAC", "Rosgosstrakh ) a violation of the law on protection of competition. Flag as reflected in the fact that the contract with the bank under the "Mortgage lending, the consumer is obliged to insure up to the actual date of the loan (other than the subject of mortgage insurance), risk of loss of life, as well as temporary and permanent disability and loss of ownership of real estate . At the same time to abandon the insurance was not. Such conditions lead to the imposition of the counterparty disadvantageous for him with the contract, said FAS. Violators were issued an order to disclosure on its website information about the possibility of rejection of non-binding under the law of insurance. However, the requirement was not enforced. As a result, Bank of Moscow has imposed a fine of 70.48 million rubles. It is worth recalling that the president of Bank of Moscow Andrey Borodin left Russia to escape prosecution on charges of fraud with a major credit issued by a bank headed Inteko, the wife of ex-mayor of Moscow, Yelena Baturina. Consequence of planned last week to change the status of the President of the Bank of Moscow Andrey Borodin on a suspect accused in a criminal case on illegal loan. But Borodin did not come to an investigator and left the country, says a source close to the investigation agency RIA Novosti in February Borodin has been questioned in a criminal case the loan company Premier Estate for the sum of 12.76 billion rubles, which ultimately proved to be the personal accounts Baturina. According to a source in law enforcement, representatives of operational and investigative team visited the dacha Borodin search. That was seized at the place of residence of the President of Bank of Moscow, not reported. Previously, staff at the UK Ministry of Internal Affairs raided a number of commercial structures, including ZAO Inteko and the Bank of Moscow ". Bank denies stealing money from him, refusing to comment on the investigating authorities. Source: NEWSru.com