Central bankers testify in Russian loans trial

RUSSIA - Tatyana Paramonova, first deputy chairman of the Central Bank of Russia, and former Central Bank Chairman Viktor Gerashchenko had to appear in an unaccustomed role as witnesses at Moscow's Zamoskvoretskiy Court in a criminal case concerning Central Bank credits.

The essence of the cases has its roots in 1998. The financial crisis drove a number of the country's largest banks to the brink of ruin. At that time the Central Bank gave some of them a helping hand in the form of multi billi

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