Pathologies in crediting VIPs. Case study.

Abstract

This elaboration applies to analysis of investigation concerning pathology in multimillion crediting to important political figures, which was conducted by Central Bureau of Investigation. In the described case the very fact, that person applying for credit was a public figure resulted in abandoning standard procedures of researching creditworthiness. It caused multimillion losses due to lack of real chance of return on capital. Described dealings show how breaking bank procedures by managers, which were promised public profits, caused the banks to make conscious and unfavorable decisions to give politicians nonreturnable financial support. Criminal acts and informal connections between worlds of politics and banking caused multimillion losses, and even worse losses to be covered by treasury – which is us, the citizens.