Will the Russian authorities consider the extradition of Pyotr Kondrashev?

In May of this year, the law enforcement agencies of Cyprus handed over to the Russian Prosecutor General's Office the former top manager of the Perm Ecoprombank, Andrei Tuev, who was put on the wanted list back in 2016, the Rambler portal indicates.

In Russia, he is accused of abuse of authority, which caused damage to the bank about 500 million rubles. It took about four years to resolve the issue of extradition

Perm "Ecoprombank" went bankrupt in 2014. The Central Bank revoked his license for risky credit policy, placement of funds in low-quality assets, inability to fulfill obligations to customers and depositors. Experts of the Sostav.ru paid attention that “one of the owners of the bank is an oligarch and a member of the Forbes list, Petr Kondrashev. His name is associated with resonant murders, and budget scams, and the withdrawal of money abroad. If Ecoprombank had called itself the bank of Petr Kondrashev, hardly anyone would have entrusted him with anything. But often such people prefer to remain in the shadows."

According to market experts, after four years of litigation with the Cypriot authorities regarding Andrei Tuev, the Russian authorities will be able to obtain new data on Petr Kondrashev's informal control over Ecoprombank.

However extradition of Mr. Tuev and his willingness to cooperate with investigators can help to reveal theft scheme details. Particular interest of investigators can be the fact of replacing marketable assets of 673 million rubles cost to individual’s and organization’s debt with unknown credibility.

Kommersant media says that investigation can rise to another level of awareness. Their source mentions that in 2018 Vadim Manin, former vice of Tuev was accused of deducing apartments from deposit. He was found guilty for abuse of authority and convicted to 2,5 years in prison. According to Kommersant sources, the credit committee and board members testify against Manin. “It was easy for them, because Vadim Manin was living abroad for several years. But now Tuev can give “his” testimony for episodes that investigation has not known yet - source said. “Investigation obviously waited for Tuev’s extradition, because Petr Kondrashev stayed in the shadows for a long time. Clearly that now, according to new episodes revealing, Russian authorities can apply for his extradition. And they have all the chances to succeed.”