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Cbank says SberbankТs employee manipulated trade in 50 stocks

MOSCOW, Dec 6 (PRIME) -- Dmitry Berger, an employee of top lender SberbankТs subsidiary Sberbank Asset Management, manipulated trading in 50 securities from February 2014 through January 2017 ensuring illegal income of more than 150 million rubles to some companies and similar losses to Sberbank, the central bank said in a statement on Thursday.

According to the materials of the regulator, Berger systematically conducted deals with a narrow range of counteragents as agreed beforehand and using funds of Sberbank Asset Management, unit investment funds, the state Pension Fund, and the federal company for management of mortgage loans of military personnel.

Berger also conducted the deals on behalf of managing company Pensionnye Nakopleniya (Pension Savings) using money of private pension fund Sberbank. In total, he conducted more than 1,000 series of deals making more than 150 million rubles of illegal profit for counteragents and inflicting the same amount of damage on Sberbank Asset Management and Pensionnye Nakopleniya, the authority said.

Sberbank is yet to comment on the matter.

(66.8242 rubles Ц U.S. $1)


06.12.2018 19:49
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