plus one share to the VTB bank, former president and vice-president of Bank of Moscow Andrei Borodin and Dmitry Akulinin worked out a criminal scheme in which they involved subordinates from the administrations of affiliates. As a result of transactions with the securities from October 2010 through March 2011, the control over City Insurance Group passed to an offshore company, which caused a 1,708,635,380-rouble damage to the Bank of Moscow and its affiliates. In October 2012 Russian investigators froze Borodin's assets, over $400 million, held in bank accounts in Switzerland, Belgium, Luxembourg. His Bank of Moscow shares were also seized. In March 2013, international auditors from Deloitte Touche CIS confirmed the violations of the former senior management of Bank of Moscow during the period from January 2007 until March 2011. The auditors discovered that all loan agreements signed during that period had no conclusions from the bank’s credit risk department, which means the department never analysed the potential borrowers’ financial status. In addition, in some cases the collaterals used to secure the loans were not evaluated at their market value. Therefore, the international auditors have drawn the same conclusions as those from the Bank of Russia audit conducted in March–July 2011. Exile and political asylum in the UK In August 2012 Borodin bought Park Place, Britain’s most expensive house, near Henley-on-Thames, and paid £140 million ($219 million) for it. Speaking to Vedomosti newspaper on 1 March 2013, he said he had been granted political asylum in the UK "a few days ago" after his lawyers submitted a request. He also 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". On 13 May 2015 it was reported that a Russian Court had ordered the seizure of Andrei Borodin's Park Place mansion in Henley-on-Thames. Notes References External links Official Website of Andrey Borodin Russian bankers Economists from Moscow Living people 1967 births KGB officers Fugitives wanted by Russia Russian emigrants to the United Kingdom Fugitive financiers Financial University under the Government of the Russian Federation alumni Russian businesspeople in the United Kingdom