About Andrey Borodin
Andrey Fridrikhovich Borodin is a Russian financial expert, economist and businessman who until 2011 was President of Bank of Moscow. He and his first deputy Dmitri Akulinin were dismissed from office by the court for the period of the investigation due to the Premier Estate criminal case, charged with abuse of authority. In April 2011, the meeting of the bank's shareholders dismissed them. Borodin and his allies were dismissed and VTB's Chairman Andrey Kostin and first deputy Mikhail Kuzovlev became the Bank's Chairman of the Board of Directors and President respectively. What became one of the biggest players in Russian banking began as a six-person operation founded in 1995 by the Moscow City Government, which originally held a 51% stake. For example, he made an offer on 22 March 2011, which lapsed 8 April 2011, to buy the stake from VTB as the same price they had, despite VTB's claims of the mess they had discovered.
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