Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Moscow Court Seizes 330 Rossiisky Kredit Vehicles

Bailiffs have seized 330 cars and armored vehicles owned by Bank Rossiisky Kredit, acting on a court ruling in favor of a disgruntled bank client.

Moscow's Golovinsky District Court ordered the seizure of the property last week to support a claim by a computer firm called Trekhmernaya Pamyat, or Three-Dimensional Memory, based in Oryol, a city about 400 kilometers southwest of Moscow, bailiff Maria Khrenova said Monday. Moscow's traffic police assisted the bailiffs in seizing the cars, she added.

Trekhmernaya Pamyat won a ruling against Rossiisky Kredit in Moscow City Arbitration Court in September, said the firm's lawyer Sergei Yerokhov. The court ruled that Rossiisky Kredit had wrongfully refused to transfer 32 million rubles ($1.9 million at Tuesday's official rate), meant for wages and taxes, out of the computer company's account. According to Yerokhov, the seized cars are worth $2 million.

The Golovinsky Court has jurisdiction over the area in Moscow where Rossiisky Kredit is registered. It has recently issued over 40 rulings against the bank, which are now being enforced, a court official said.

Rossiisky Kredit was one of Russia's top banks before the Aug. 17 ruble devaluation and debt default. Some of its depositors and clients have since filed suit against the bank to recover their money. Vladimir Zimonenko, a lawyer who works for several Rossiisky Kredit depositors, told Reuters last week that he had won one of these cases, in which his client demanded $8,000 from the bank.

Numerous suits are pending against other Russian banking giants, too f for example, more than 5,000 of them have been filed against SBS-Agro bank in another area of Moscow.

But the Trekhmernaya Pamyat case dates to events that took place before Aug. 17. The bank says it had refused to transfer Trekhmernaya Pamyat's money because the firm's account had been frozen by tax authorities in Oryol last summer. Rossiisky Kredit spokeswoman Tatyana Izmailova said the bank would appeal the arbitration court ruling.

The computer company's lawyers said, however, that the tax authorities had no problem with their client and the bank was just trying to hang on to the money.

The State Tax Service branch in Oryol could not confirm either side's claims Monday.