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. Last Updated: 07/27/2016

Bank Protests Legality

MOSCOW (MT) -- The lawyer of Dialog Bank, a U. S. -Russian joint venture bank in Moscow, on Monday denied accusations by Russia's general prosecutor that the bank operated without a license.

Yury Popov called the report by General Prosecutor Valentin Stepankov "disinformation" and said the bank had been properly registered.

"He must have been given incorrect information", Popov said.

Stepankov, in a report to parliament last week, said that Dialog Bank and several Russian banks did not have a license with the Central Bank, according to press reports. Stepankov also slammed the Central Bank for failing to control the commercial banks.