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Law Enforcement Has No Issues on Bashneft Privatization With Russia's VTB Bank

© REUTERS / Maxim ZmeyevThe logo of VTB Group is seen through a window of Imperia Tower on the facade of the Federatsiya (Federation) Tower at the Moscow International Business Center also known as "Moskva-City", in Moscow, Russia, in this August 5, 2015 file photo
The logo of VTB Group is seen through a window of Imperia Tower on the facade of the Federatsiya (Federation) Tower at the Moscow International Business Center also known as Moskva-City, in Moscow, Russia, in this August 5, 2015 file photo - Sputnik International
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Russia's VTB Bank has faced no complaints from law enforcement agencies linked to the detention on bribery allegations of Economic Development Minister Alexei Ulyukayev, the bank said in a statement Tuesday.

MOSCOW (Sputnik) — Rosneft and Bashneft oil and gas companies, the ALROSA group of diamond mining companies, VTB bank, as well as the Sovcomflot maritime petroleum and liquefied gas shipping company, are among the companies to be partially privatized.

Minister of Economic Development Alexei Ulyukayev - Sputnik International
Russian Economy Minister Detained on Suspicion of Bribery

Russia is due to sell 19.5 percent of Rosneft shares before the end of the year.

"VTB Group has received absolutely no complaints on the part of law enforcement agencies with respect to the privatization of Bashneft," the bank said.

Ulyukayev is under investigation for allegedly receiving $2 million for a positive appraisal that allowed Russian energy company Rosneft to buy the state's shares of Bashneft oil company, the Russian Investigative Committee said earlier Tuesday.

"We also did not take part in any investigative actions, for us this night's events came as news to us as it did to everyone else," the bank added.

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