• 23 January 2018
  • views: 1252

Tochka Bank blocks reserve account of Navalny campaign foundation

Tochka Bank has blocked the reserve account of Pyatoye Vremya Goda (“Fifth Season”), the fund that was a legal entity of Alexey Navalny’s election campaign, Mediazona reported quoting the opposition leader's campaign manager Leonid Volkov.

The bank said in a response to Volkov that Tochka had no choice, since it was required to comply with the decision of the bailiffs. The campaign manager argues that no such resolution can be found in the Federal Bailiff Service database. He specified that there was no money in their Tochka account at the time of the blocking.

Yesterday, the Meshchansky Court of Moscow ruled to shut the fund down. A few hours later, Fifth Season’s account in Alfa-Bank got blocked. The financial institution stated that the money was restrained on the basis of a Federal Bailiff Service decision of 22 January. However, the court's decision has not yet entered into force, and the fund has 30 days to appeal.

All articles
Corruption Fighters Jailed for Bribes

Policemen take bribes, employees of anti-corruption NGOs give bribes − sometimes both are punished

Corruption Weekly: 15-19 January

Russiangate Weekly digest of the most important investigations.

Investtorgbank President Detained in Monaco. The Banker Suspected of 500-Million-Ruble Embezzlement in Russia

What is known about the fugitive banker, who withdrew money through Kyrgyzstan and was caught in Monaco

Govorish' po-Russki? Russian Officials’ Children Studying in the UK

How much high-ranking parents cough up for providing their kids with English education