Depositor In Failed Bank Loses It, Takes Hostages, Demands $700,000 Ransom

As RT reports, “he may be a client of the bank wishing to withdraw his deposit despite the bank losing its license…..Life News tabloid says it has identified one of the attackers as 46-year-old Aleksandr Vdovin, a client who holds the bank’s promissory notes for a large sum, and who decided to reimburse them at gunpoint.”

The general added that the man was acting out of desperation caused by his failure to withdraw his money shortly before the bank lost its license. The authorities may not prosecute him for the serious crime of hostage-taking, considering the circumstances, he said.

The armed man went into the bank on Monday morning and demanded a certain sum of money, police said earlier. Media said the man was armed with a Saiga hunting carbine and was demanding a ransom of 25 million rubles ($700,000).

Police evacuated a school and a kindergarten near the branch as a precaution.

The incident came on the day when the Russian central bank announced the revocation of Zapadny bank’s banking license. The bank had cooked its books and failed to comply with regulations on the amount of assets a financial organization must maintain to ensure its stability, the central bank said.

More from RT here…