Central Asian Bank faces serious problems

Serious problems have emerged at Galina Bikmeeva's Central Asian Bank. The financial institution was recently put up for sale. However, the Central Bank recently conducted an unannounced inspection. It is not hard to guess how this unplanned audit might end for the financial institution, especially given that Bikmeeva was previously one of the owners of the collapsed Moscow Capital Bank.

The businesswoman is known for her enterprising nature. She manages to lease out constructed real estate to the construction department of the city of Sochi. The deal was concluded through the patronage of her relative, former deputy Roman Bikmeev, who heads the Sochi Development Corporation.