Date: 2 months ago   Category: Finance

The Central Bank reported about manipulation of the employee of structure of Sberbank of securities market — Rambler News Service


The Bank of Russia elicited the facts of manipulation of the employee of the Sberbank Management of Assets company Dmitry Berger of the markets of 50 securities for nearly three years, the press service of the regulator reported. "The Bank of Russia established the facts of the repeated and long manipulation of the markets of 50 securities during the period from 03.02.2014 till 26.01.2017 which was carried out by the employee of management company JSC Sberbank Management of Assets Berger Dmitry Eduardovich" — it is said in the statement. The Central Bank explained that Berger regularly carried out on behalf of the company of the transaction with a narrow circle of contractors on the preliminary agreement. Operations were performed at the expense of own means of structure of Sberbank, mutual investment funds, the Pension Fund of the Russian Federation and Rosvoyenipoteki. Berger made similar operations on behalf of UK "Pension savings" within management of pension savings and reserves of NPF Sberbank. "The specified operations happened over the considered period according to the following scheme. The contractor made purchase or poor sale of a certain number of securities at market prices then he exposed the limited application for closing of just gathered position on more favorable prices. As a rule, the application like "Iceberg" was used (the application with a hidden volume). Later short time after that (in most cases — less than a minute) Berger D. E., acting on behalf of JSC Sberbank Management of Assets or Ltd company" UK" Pension savings", exposed one or several applications at the prices which were obviously providing closing of a position of the Contractor with profit" — explained in the regulator. According to No. 224-FZ "About counteraction to unauthorized use of insider information and to manipulation of the market and about introduction of amendments to separate acts of the Russian Federation" actions of the employee of structure of Sberbank are regarded as manipulation of the market. Income from commission more than 1 thousand such transactions exceeded 150 million rubles, qualified according to the Criminal code as especially large. In the regulator noted that "Sberbank Management of assets" and also subjects under control of the company and UK "Pension savings" suffered losses at least in a comparable size. Materials of check of the Bank of Russia were directed to law enforcement agencies.

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