THE DEBT OF 14 MILLION TO CREDIT EXPRESS IS PUT UP FOR AUCTION FOR 710 THOUSAND.

Those who wish can purchase the right to claim the organization to Sergei Sedykh in the amount of about 14.8 million. The initial price of the lot is 710 thousand. From the information published on the Fedresurs portal, it follows that the price can be reduced almost 10 times to the amount of 74.5 thousand.

Rostov Bank was stripped of its license six years ago. The Central Bank of the Russian Federation made its decision in 2018, justifying it with a significant number of violations of the law by the credit institution. A few months after that, the organization was declared insolvent.

During the investigation, it turned out that the former heads of the bank issued deliberately non-refundable loans. Encumbrances were unreasonably removed from the pledged property. As a result, the credit institution suffered significant losses, which became the basis for litigation.

In mid-2022, the cassation (Arbitration Court of the North Caucasus District) issued a resolution to recover about 203.8 million in damages from the bank's ex-executives. The case of a financial crime initiated by law enforcement officers indicated the presence of embezzlement in the amount of 180 million rubles and $ 920 thousand.

The sale of debt in the framework of bankruptcy proceedings is a standard practice for the liquidation of debt obligations of a bankrupt bank. However, a significant decrease in the value of the right of claim at the auction reflects the difficulties with the sale of such assets. Experts note that the low starting price of the lot may attract the interest of participants who are ready to take on the risks of foreclosure.