Andrey Fridrikhovich Borodin is a Russian financial expert, economist and businessman who until 2011 was President of Bank of Moscow.
13 Facts About Andrey Borodin
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Since April 2011, Borodin has lived in London, England, and since November 2011 until May 2016 has been on an Interpol Red Notice, wanted as a suspect in a 13-billion-rouble fraud committed in Bank of Moscow under his governance.
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Andrey Borodin was granted political asylum in the UK in February 2013.
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Andrey Borodin served in the KGB Border Troops from 1985 to 1987.
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Andrey Borodin left Dresdner Bank in late 1993, moved to Moscow, and in March 1994, was introduced to the Mayor of Moscow, Yury Luzhkov by Lev Alaluev, and started working for the Government of Moscow as an economics and finance adviser to the Luzhkov.
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Under the political patronage of Luzhkov and the leadership of Andrey Borodin it weathered the crisis of 1998 and subsequently grew rapidly from a local bank largely serving the City Government to a national bank with a greatly enlarged client base and offering a broad range of services.
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The Andrei Andrey Borodin led Bank of Moscow was a large creditor of Krasny Oktyabr when it declared bankruptcy in 2009.
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Andrey Borodin resisted to attempts by VTB to acquire control of the bank, already being one of the main shareholders.
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Andrey Borodin has contested the legality of this on a number of grounds, including that competitive tender ought to have been used to maximise the share price.
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Andrey Borodin sold his shares to Vitaly Yusufov, son of the former Russian Energy Minister Igor Yusufov.
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Andrey Borodin was still in charge of the bank, when this decision was made.
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Andrey Borodin accused Russian Prime Minister Dmitry Medvedev, who was the country's president when the criminal case was launched, of being the "chief initiator of all this persecution and hounding".
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Since 2022, Andrey Borodin has competed in the British GT Championship and GT Cup Championship with Greystone GT, having previously competed in both the Porsche Sprint Challenge series.