Lukashenko wants tighter supervision over commercial banks
<p> MINSK, 20 Jul PrimePress. President of Belarus Alexander Lukashenko wants the National Bank of Belarus (NBB) to tighten supervision over commercial banks in the context of the Belgazprombank case, the presidential press office reports. </p> <p> </p> <p> “We see that we have plenty of work to do, as the Belgazprombank case shows. The chairman of the Board [of the National Bank] and the bank’s management are personally responsible for what happens in our commercial banks,” Lukashenko said when appointing new members of the NBB Board on Monday, July 20. </p> <p> </p> <p> Lukashenko calls the Belgazprombank case a lesson for the new leadership of the National Bank. “Your staff is large, but, regretfully, the supervision has failed without proactive approaches. I believe that you will learn the lesson instantly,” he said. </p> <p> </p> <p> The criminal case against Belgazprombank, which involves more than 20 persons, including top manager, concurred with the presidential election campaign in Belarus. Former head of the bank Viktor Babariko attempted to stand for election, but the Central Election Commission denied him registration as a candidate on July 14. His lawyers appealed against the denial in the Supreme Court. The presidential election is scheduled for August 9, 2020. </p> <p> </p> <p> The State Control Committee claims that an organized criminal group was operating at the bank. Allegedly, Babariko illegally transferred money to foreign accounts, and was engaged in gross tax evasion, bribery and money laundering. The case is being investigated by the KGB of Belarus. End </p>
2020-07-20
Primepress
Lukashenko wants tighter supervision over commercial banks
MINSK, 20 Jul PrimePress. President of Belarus Alexander Lukashenko wants the National Bank of Belarus (NBB) to tighten supervision over commercial banks in the context of the Belgazprombank case, the presidential press office reports.
“We see that we have plenty of work to do, as the Belgazprombank case shows. The chairman of the Board [of the National Bank] and the bank’s management are personally responsible for what happens in our commercial banks,” Lukashenko said when appointing new members of the NBB Board on Monday, July 20.
Lukashenko calls the Belgazprombank case a lesson for the new leadership of the National Bank. “Your staff is large, but, regretfully, the supervision has failed without proactive approaches. I believe that you will learn the lesson instantly,” he said.
The criminal case against Belgazprombank, which involves more than 20 persons, including top manager, concurred with the presidential election campaign in Belarus. Former head of the bank Viktor Babariko attempted to stand for election, but the Central Election Commission denied him registration as a candidate on July 14. His lawyers appealed against the denial in the Supreme Court. The presidential election is scheduled for August 9, 2020.
The State Control Committee claims that an organized criminal group was operating at the bank. Allegedly, Babariko illegally transferred money to foreign accounts, and was engaged in gross tax evasion, bribery and money laundering. The case is being investigated by the KGB of Belarus. End