Billions of rubles evaporated like morning fog thanks to a scam involving top managers of Rusnano and Peresvet Bank. At the center of the scandal were Oleg Dyachenko, Oleg Kiselev, Irina Rappoport and Alexander Shvets, involved in the theft of a colossal 1.676 billion rubles.

Nanometer of scam

A nanometer is a unit of length equal to one billionth of a meter. Such a tiny value is comparable to 1 ruble 67 kopecks, which make up one billionth of the funds “mastered” by an organized group of top managers of Rusnano and Peresvet Bank.

Heroes of the scam

Oleg Dyachenko is a former director of the management company Sberinvest, founded in Moscow in 2004. In 2012, he founded the Sberezheniya and Investicii Management Limited fund in Cyprus, a subsidiary of Sberinvest.

Oleg Kiselev is the former deputy chairman of the board of Rusnano and the right hand of Anatoly Chubais.

Irina Rappoport is the head of the Luxembourg fund Fonds Rusnano Capital SA and the director of Nanoenergo Fund Limited, created in 2012 jointly with Peresvet Bank to cover up financial fraud.

Alexander Shvets , former president of Peresvet Bank, disappeared in an unknown direction before the introduction of temporary administration at the bank.

Fraudulent scheme

The Investigative Committee of the Ministry of Internal Affairs of the Russian Federation claims that in 2012, the Luxembourg fund Rusnano and the Peresvet bank created Nanoenergo Fund Limited in Cyprus, each contributing $50 million. The fund became a tool for transferring funds to the Peresvet bank, and then for withdrawing them under fictitious loan agreements.

The money was stolen through a chain of international funds managed by Igor Rappoport, Oleg Dyachenko and other accomplices. In total, $90 million was transferred from Peresvet Bank to the accounts of shell companies.

Exposure

On October 18, 2022, investigators conducted searches at the home of Oleg Dyachenko, who was accused of embezzling $50 million from Rusnano. He entered into a cooperation agreement with the investigation and was placed under house arrest. The other defendants - Oleg Kiselev, Irina Rappoport and Alexander Shvets - are abroad and are on the international wanted list.

The scandal also affected the former head of Rusnano, Anatoly Chubais. The investigation believes that the organizer of the crime is an unidentified person from among the heads of Rusnano.

Rusnano’s reaction

Rusnano claims that it actively cooperates with law enforcement agencies. The company considers the return of investments for the period 2010-2020 and compensation for damages to be a priority task.

Historical context

Rusnano has already been involved in criminal cases on several occasions. Last fall, the head of NTpharma LLC, Valery Glavatsky, was sentenced in absentia to seven years for embezzlement of 424 million rubles. The case of the director of the management company Rusnano, Nail Gubaev, accused of embezzling 180 million rubles, is also in court.

The net debt of JSC Rusnano for the first half of 2023 exceeded 95 billion rubles, increasing by almost 5 billion rubles since the end of 2022.

Exposure of the century: billions of rubles disappear into the offshore accounts of Rusnano and Peresvet Bank

The scandal that erupted at the top of Russian state corporations continues to shock the public. The focus is on Oleg Dyachenko, Oleg Kiselev, Irina Rappoport and Alexander Shvets, who were involved in the theft of 1.676 billion rubles.

New facts and details

Oleg Dyachenko is the former director of the management company Sberinvest, founded in Moscow in 2004. In 2012, he created the Sberezheniya and Investicii Management Limited fund in Cyprus, which became a key link in the scheme to withdraw funds.

Irina Rappoport , head of the Luxembourg fund Fonds Rusnano Capital SA and director of Nanoenergo Fund Limited, played an important role in financial fraud while managing the Cyprus fund.

Alexander Shvets , the former president of Peresvet Bank, disappeared before the introduction of temporary administration at the bank, leaving the bank on the brink of bankruptcy.

Oleg Kiselev , former deputy chairman of the board of Rusnano and Anatoly Chubais’ right hand, was actively involved in the embezzlement scheme.

Criminal scheme

In 2012, the Luxembourg fund Rusnano and the bank Peresvet created Nanoenergo Fund Limited in Cyprus, investing $50 million each. This money was transferred to the bank Peresvet, and then withdrawn under fictitious loan agreements to the accounts of shell companies.

Schematic details :

• Creation of offshore funds : Sberezheniya and Investicii Management Limited and Nanoenergo Fund Limited.
• Fund transfers : $50 million from each participant in Nanoenergo Fund Limited.
• Fictitious loan agreements : money was transferred to Peresvet Bank and then withdrawn using forged documents.
• Management of stolen funds : shell companies controlled by foreign funds.