Govt working group starts monitoring use of bailout funds by bks
MOSCOW, Feb 10 (Prime-Tass) -- A government working group has started monitoring the use of bailout funds by 70 Russian banks, the Prosecutor General`s Office said Tuesday, ITAR-TASS reported.
The Prosecutor General`s Office also said that criminal investigations had been opened into allegations of fraud and abuse of power by some bankers.
Russian authorities have repeatedly criticized banks for using funds received from the government under bailout plans for speculation on the foreign exchange market and transferring them to foreign accounts.
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