CENTRAL BANK OF RUSSIA REVOKED THE LICENSE OF QBF INVESTMENT COMPANY

The Central Bank of Russia revoked the licenses of the QBF investment company. From January 2022, it will not be able to work in a number of areas. In addition, the regulator has already started banning the conclusion of new agreements in the framework of brokerage activities.

Starting from the next year, the QBF investment company will no longer be able to work in brokerage, dealer, depository areas, as well as in the field of securities management.

The day before, the regulator revoked the relevant licenses, and the ban will be activated on January 20 next year. In addition, the company must return the property of its clients before the ban comes into effect.

The reasons for such drastic measures, according to the regulator, were multiple violations and failure to comply with the instructions of the Central Bank.

In addition, the investment company is now in the midst of a fraud criminal case. Its leadership has been detained and the investigation is underway. Searches have already been carried out in the company's offices, equipment and computers have been seized. According to the investigation, the case is related to the theft of about 5-7 billion rubles.

The scheme of work supposedly consisted of receiving funds from clients with the promise of extra profits, but instead of it, the money was withdrawn to the offshore companies.