
	Where results make sense

Topic: Bank Menatep

Related Topics

National bank

Alfa Bank

Central bank

Platon Lebedev

Mikhail Khodorkovsky

YUKOS

Alfa Group

Saint Petersburg

Alexei Tupolev

VimpelCom

Russia

Florida Institute of Technology

Roman Abramovich

Tornado

2002

	RADIO FREE EUROPE/ RADIO LIBERTY
		The bank was associated in the past with former Deputy Prime Minister Oleg Soskovets, former presidential bodyguard Aleksandr Korzhakov, former Oil and Gas Minister Yuri Shafranik and former Supreme Soviet Speaker Ruslan Khasbulatov.
		Menatep was reportedly having problems with operating capital in 1997.
		The bank is actively seeking to broaden its presence in the regions, and its representatives reportedly sought potential investors during a spring 1997 trip to the United States.
	www.rferl.org /specials/russia/finance/menatep.asp (656 words)

	Bank Menatep - Wikipedia, the free encyclopedia
		The bank's financial condition was seriously damaged during the 1998 financial crisis due to risky investments.
		Menatep was implicated in the diversion of US$4.8 billion in International Monetary Fund funds lent to Russia in 1998: this gave rise to the Kremlingate.
		Menatep Bank has also been accused by French journalist Denis Robert of having opened a non-published Cedel (predecessor to Clearstream) account on May 15, 1997, after Clearstream CEO André Lussi visited Khodorkovsky in Moscow.
	en.wikipedia.org /wiki/Bank_Menatep (555 words)

	Banks in St. Petersburg
		The name of the Bank, "Viking", reflects on one hand its intention to develop close connection with our Northern neighbors, and on the other hand, its quite Scandinavian independence and ability to be self-supporting under severe conditions.
		The bank is first of all stability and flexibility, alongside with a faultless tact and reasonable risk.
		MENATEP St. Petersburg is a joint stock bank registered with the Central Bank of Russia (November 27, 1995).
	www.st-petersburg.net /money/banks.htm (282 words)

	Clearstream - Encyclopedia, History, Geography and Biography
		So a bank can just order a transaction between their account and the other bank's account in lieu of less secure methods like carrying a case full of currency or securities around; it merely transmits an order to Clearstream to credit/debit one of their own accounts and their counterpart bank's account(s).
		Bank Menatep, owned by Mikhail Khodorkovsky, was involved in the "Kremlingate", when $4.8 billions IMF funds were diverted to various banks, including US banks See former World Bank vice-president Joseph Stiglitz, chapter on Russia in "Globalization and Its Discontents" .
		They were a lot of transfers between Menatep and the Bank of New York." Natasha Gurfinkel Kagalovsky, a former Bank of New York official and the wife of Menatep vice president, was accused of helping launder at least $7 billions from Russia, according to Komisar.
	www.arikah.com /encyclopedia/Clearstream (5654 words)

	Kommersant - Russia's Daily Online
		On March 30, Vladimir Potanin, the president of ONEKSIM Bank, made a sensational proposal to the government on behalf of a consortium of commercial banks: the banks were prepared to credit the state on the security of blocks of shares of major state enterprises.
		Together with banks that were "counted up" by the government but did not record the relationship with the state on their balance sheets, the number of banks whose stocks or shares belonged to state structures reached 679.
		A Russian bank abroad (the German Ost-West Handelsbank) was sold for the first time on April 28, 1992: a meeting of the bank's shareholders held in Frankfurt decided to transfer ownership of 80.6% of its charter capital to Tokobank, which was later transferred to Vneshstorgbank.
	www.kommersant.com /t301259/r_3/n_27/Banking_1991-2000 (8370 words)

	Fitch IBCA Ratings - Press Releases - More Russian Bank Ratings Reviewed
		Menatep Bank (Menatep): Long- and Short-term ratings downgraded to 'D' from 'C'.
		Fitch IBCA's withdrawal of MBB's ratings reflects the acquisition of the bank by Bank of Moscow and the effective merger process between Bank of Moscow and MBB, which is underway.
		Last week's move by the CBR to withdraw 12 banking licences is a welcome step towards restructuring the ailing Russian banking sector and clarifying the situation with the failed banks.
	www.bradynet.com /e1040.html (1191 words)

	BBC News \| The Economy \| Top Russian banks merge
		The merger was announced as the Russian banking system is in the midst of a crisis, with many of the smaller banks and maybe some of the bigger ones expected to fold.
		Menatep was one of the first banks to default on a major foreign loan earlier this month, while Inkombank is believed to have significant foreign debts..
		The size of each bank's stake in the final merged bank will be calculated according to the worth of their shares as established by an international audit.
	news.bbc.co.uk /1/hi/business/the_economy/158228.stm (694 words)

	The Big Seven--Russia's Financial Empires
		The elite banks and their FIGs are also the key financial players in the constantly shifting, informal networks of competing alliances--sometimes called clans--that dominate Russian politics.
		Authorized banks are entitled to handle funds of central or local governments (table 2); for example, they may collect and transfer to the state budget customs payments and tax revenues.
		The bank’s status as the government’s semi-official import-export bank, combined with its powerful backers in the Kremlin and the government, have enabled it to grow faster than any other financial institution.
	www.worldbank.org /html/prddr/trans/feb98/bigseven.htm (1766 words)

	Russian Money-Laundering Investigation Finds Familiar Swiss Banker in the Middle
		Most recently, Rappaport's bank was sued by the Justice Department in 1997, to recover proceeds that the Government asserted were from drug sales that had been deposited in the Bank of New York-Inter Maritime on the Caribbean island of Antigua by a known money-launderer.
		Menatep, now virtually insolvent, is part of an industrial empire overseen by Mikhail Khodorkovsky, one of Russia's prominent financiers, or so-called "oligarchs." Bank of New York had an active relationship with Menatep and helped the bank list its stock for trading in the United States.
		Menatep, and related companies in Russia, are suspected by Western investors and Russian regulatory authorities of having looted money from the country, assertions that Khodorkovsky and his representatives have firmly denied.
	www.russianlaw.org /nyt082299.html (1159 words)

	Hound-Dogs [cover story]
		Menatep Bank, which had been bought in a rigged auction of Soviet assets and has been linked to numerous international scams, opened its Cedel account (No. 81738) on May 15, 1997, after Lussi visited the bank’s president in Moscow and invited him to use the system.
		Natasha Gurfinkel Kagalovsky, a former Bank of New York official and the wife of a Menatep vice president, was accused of helping launder at least $7 billion from Russia.
		Menatep bank was founded by Russian “oligarch” Mikhail Khodorkovsky, now the richest man in Russia, reportedly worth some $10 billion.
	www.hound-dogs.com /cover_story/coverstory2.htm (2402 words)

	RUSSIAN BANKS, Who's Who?
		Bank Menatep, founded in 1988, was arguably the first private commercial bank since the 1917 revolution and now forms the core of one of Russia's leading Financial Industrial Groups.
		Menatep is one of the Russian banks with an operation in Cyprus.
		Alfa Bank is one of the key managers of Russia's Eurobond issues, including 1996 US$1 billion tranche, led by JP Morgan and SBC Warburg-the first such bonds issued since the 1917 Revolution-and the 1997 7-year DM 2 billion issue, led by Credit Suisse First Boston and by Deutsche Morgan Grenfell.
	www.ulfsbo.nu /ussr/whobank.html (4392 words)

	Bank of New York Executive Resigns
		A spokesman for the bank declined to comment except to say that the bank had a copy of the letter and that "we acknowledge the resignation and wish her well."
		Many bank customers in Russia were large banks that collapsed in the wake of the financial crisis there last year.
		He said the decision was based on the desire to move on professionally and leave a bank that refused to support her.
	partners.nytimes.com /library/world/global/101399bank-inquiry.html (460 words)

	MerchantPicks.com
		Bank Menatep is a leader in St.-Petersburg market operating 58 branches in 47 administrative regions.
		Bank Menatep, is one of the largest issuers in Russia and is a Principal Member of Visa & MasterCard.
		Bank Menatep is also one of the largest mag-stripe issuers in Russia and a leading bank in the Russian eCommerce market.
	www.merchantpicks.com /viewnews.php?id=26 (749 words)

	Title list of updates
		The Central Bank of Russia has offered deposit holders in six large commercial banks which were severely affected by the crisis (Inkombank, Most-bank, Menatep, Mosbusinesbank, Promstroybank and SBS-Agro) the opportunity to transfer their money to Sberbank of Russia (Russian Savings Bank) which guarantees the deposits' safety.
		Increasing foreign banks' share in the Russian banking system and facilitating their partnership with Russian banks is increasingly seen as one way to overcome the crisis and establish a steadier banking system in Russia.
		According to the Journal, some 350 mid-sized banks are now considered to be among the most stable in Russia in terms of liquidity, and most likely to withstand the consolidation which we anticipate in the Russian banking sector.
	www.russiancouncil.org /reports/rusbankoct98.htm (1374 words)

	Joint-Stock Company “BANK MENATEP”. Information about the Company. Description, Address, Phones, e-mail, web site, ...
		MENATEP conducts operations with such financial instruments as Russia’s bond and non-bond indebtedness to the London Club and the obligations of such CIS countries as the Ukraine and Moldova.
		MENATEP is the first bank to have put into service an automated telemarketing system which enables the client to learn about any information concerning the Bank’s products and services by phone and or through the Internet system.
		Bank MENATEP was an official bank helping fund the festivities and observances in commemoration of the 850th Anniversary of Moscow.
	enc.ex.ru /cgi-bin/n1firm.pl?lang=2&f=1910 (1246 words)

	National Investment Bank of Mongolia - Home
		National Investment Bank is a privately owned investment bank incorporated in Mongolia, Ulaanbaatar city and started its operations in January 2002 as a a branch of Russian “Menatep Saint petersburg” bank in Mongolia.
		The bank executed all kinds of payments to and from Russia solely.
		In December 2005 bank capital increased up to 7,200,000 $ and by order of Mongolian Central Bank, on July 7,2006 it has been changed into National Investment Bank of Mongolia.
	www.nibank.sr.mn (153 words)

	Workers World Sept. 23, 1999: Looting Russia fuels Wall Street boom
		The Bank of New York is the 17th largest bank in the U.S., with assets of $67 billion.
		It was Republic National Bank that blew the whistle on the Bank of New York in a letter to the FBI in August 1998.
		This wealth--plundered by the Russian bourgeoisie and placed with the imperialist banks and financiers who gather up and centralize all the wealth of the globe in their hands for the purposes of exploitation and speculation--must be considered a significant factor in the capitalist boom and the steady rise in the U.S. stock markets.
	www.workers.org /ww/1999/russia0923.php (1727 words)

	Finter Bank - Bahamas Offshore Banking Guide
		Bank Hofmann Fund Mgmt Ltd. The Laurentian Bank & Trust, subsidiary of Laurentian Group Corporation of Canada, was established and incorporated in Nassau in 1986.
		Winterbotham is a bank and trust company and fund administrator offering financial, fiduciary and corporate services to institutions, entrepreneurs and companies.
		We are the bank of choice of corporate Antigua with a strong personal sector base offering a wide range of products and services tailor made for our customers.
	www.banksinbahamas.com /finterbank.html (735 words)

	9-22-99, Statement of Thomas A. Renyi (Site not responding. Last check: )
		As you may be aware, The Bank of New York is the world’s leading ADR bank, and our services for these two banks were basically the same as our services for approximately 1300 other companies around the world.
		And both banks were required to and provided information to Russia’s Central Bank and to the SEC under Rule 12g3-2(b), including Annual Reports and Financial Statements audited under international accounting principles by Big Six accounting firms.
		Once a bank grants a customer access to its payments system and, by extension, the US dollar payment system, it is extremely difficult to track the flow of funds or to stop a transaction before it happens.
	financialservices.house.gov /banking/92299ren.htm (3331 words)

	Nations and States,
		Bank Menatep, a failed Russian bank at the center of investigations into Russian money laundering, owns 20 percent of Valmet's parent company, Valmet Group, which is based in Bermuda.
		A former top Bank Menatep executive is the husband of a Bank of New York official who was suspended without pay as a result of the money laundering investigation.
		Until 1994, Riggs National Bank in Washington, owned 51 percent of Valmet Group, which operates through a chain of corporate entities in the Dutch Antilles, Switzerland and elsewhere and say it has an annual turnover of $15 million from some 8,000 clients around the world.
	www.globalpolicy.org /nations/isleoman.htm (1427 words)

	[No title] (Site not responding. Last check: )
		At the time Menatep sold its stake in Avisma to Dart, the U.S. government was issuing an editorial announcing that Russia was "on the right road", and that its economic news was encouraging.
		Bank spokesman Sergei Zenkin declined to comment for the this article: 'The pleadings in the Lawsuit, from which the quotations below are taken, recount that in 1997, the Defendants were approached by a Western investment bank (the "Bank"), which is based in Austria and maintains an office in the United States.
		With a major Western investment bank, a major investor, and a major law firm involved, all that remained was for a big shot from the aid community to get in.
	www.asu.edu /studentprgms/orgs/pec/News/98-99/99-11-05_pecnews.txt (2565 words)

	Khodorkovsky - JRL 12-11-03
		The officers and directors of these various “shell” companies were either employees of the Bank and its affiliates or hired “nominal” directors, i.e., director who simply signed documents at the direction of the founders of the company without playing a substantive role in the company (a typical arrangement for companies in offshore jurisdictions).
		On June 27, 1994, L in his capacity as President under the charter of Bank Menatep signed three letters of guarantee, one for each of three shell companies as being the instruments of the alleged “organized group”.
		The three companies whose obligations were guaranteed by Bank Menatep, and a fourth company, also alleged to be under control of Menatep and acting under control of the organized group, submitted bids to the tender on June 30, 1994.
	www.cdi.org /russia/johnson/7462-9.cfm (8527 words)

	Russia Ally Offers to Bail Out Yukos (Site not responding. Last check: )
		A consortium of investors led by Group Menatep ally Konstantin Kagalovsky is proposing to pay off up to $10 billion in Yukos tax debts and buy out the group's majority stake in the company, which is currently frozen as collateral in the state's legal onslaught against Mikhail Khodorkovsky.
		Kagalovsky has long held close ties to Khodorkovsky: first as a vice president of Menatep Bank, the core of the oil tycoon's financial empire in the 1990s, and then as a Yukos executive and shareholder.
		His wife, Natasha Gurfinkel-Kagalovsky, resigned as head of the Bank of New York's East European division in 1999 amid a scandal over the alleged laundering of billions of dollars of Russian money, which U.S. prosecutors said was washing through accounts at the bank she was responsible for.
	www.templetonthorp.com /cz/news702 (352 words)

	Michael Hudson interview 040227 - Russia: Reforming the Reformers
		Menatep (Khodorkovsky's bank) was the vehicle through which almost all the transfers of serious money in and out of Russia took place from 1992 to 1998.
		Menatep monitored the cash flow and directed the funds to the accounts of the highest powers in the land v the Presidency, the Government and the Chekists who staffed the parallel infrastructure.
		Menatep had been set up by these people and Khodorkovsky chosen to be at its head; not the other way round.
	www.michael-hudson.com /interviews/040227_counterpunch.html (10506 words)

	FRONTLINE/WORLD . Moscow - Rich in Russia . How to Make a Billion Dollars - Mikhail Khodorkovsky \| PBS
		By 1990, Khodorkovsky had founded Menatep, a bank with profits rumored to be supplemented by funds controlled by various Kommosol, Central Committee and KGB groups attempting to divert state funds.
		In 1998, his bank Menatep collapsed, yet Khodorkovsky managed to protect himself, despite damage to his depositors and creditors.
		(The bank also defaulted on a $236 million loan from Western banks.) In 1999, he moved the location of a Yukos shareholders meeting 160 miles from Moscow without advance notice to minority stockholders, keeping them from voting against the sale of Yukos's assets to an offshore company.
	www.pbs.org /frontlineworld/stories/moscow/khodorkovsky.html (868 words)

	Is the U.S. banking system fraud-proof? - Sep. 1, 1999
		And most significantly, though not unexpected, the banks themselves are revealing as little as possible to the public.
		Banks and some liberty groups weren't all that fond of the Bank Secrecy Act and in 1974 attempted to have it declared unconstitutional.
		Swiss banks, which are synonymous for bank secrecy, do attempt to keep close track of the money that flows in and out of their doors each day, including verifying a client's identity and back-checking documents for validity, according to Christoph Meier, a UBS spokesman.
	money.cnn.com /1999/09/01/worldbiz/russia_banking (1580 words)

	Banks Of Europe: 5th Page of International Banks (Banking Section)
		Bank invites the large investor to become one of the shareholders of a Bank.
		Bank Anelik - Russia - Bank Anelik - Russia - Anelik Branch in Moscow is a branch of Anelik Bank in Yerevan, Armenia.
		Moscow Municipal Bank Bank of Moscow - Moscow Municipal Bank Bank of Moscow -
	www.escapeartist.com /banks27/banks27.htm (968 words)

Try your search on: Qwika (all wikis)