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Russian businessman Tinkov to step down as chairman of Tinkoff Bank board

Thu, 02nd Apr 2020 15:11

MOSCOW, April 2 (Reuters) - Russian businessman Oleg Tinkov,
the founder of TCS Group on Thursday announced his
intention to step down from the board of Tinkoff Bank in order
to focus on his health, after being diagnosed with acute
leukaemia in October.

Tinkov said a transfer of his shares in TCS Group to a
Tinkov family trust had occurred on March 19, to ensure that the
shares continued to be held by his family in the event of his
death.

Tinkov disclosed his cancer battle last month, a day after
the U.S. Department of Justice said it was charging him with
filing false tax returns.
(Reporting by Alexander Marrow;
Editing by Alison Williams)

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