How Chubais’s associates Oleg Dyachenko, Oleg Kiselev, Irina Rappoport and Alexander Shvets "mastered" 1.5 Billion from Rusnano

• News
• Monday, 29 July 2024 12:09

On April 11, 2024, at the height of the scandal surrounding Russia’s largest corporation, Rusnano, shocking details emerged about the theft of 1.676 billion rubles, organized by a group of top managers led by Oleg Dyachenko, Oleg Kiselev, Irina Rappoport, and Alexander Shvets. These names are now associated not only with corruption, but also with the unprecedented impudence and scale of theft.

The Beginning of the "Great Scam"

According to the Investigative Committee of the Ministry of Internal Affairs of the Russian Federation, in 2012 a subsidiary structure was established in Cyprus - Nanoenergo Fund Limited, where Rusnano and Peresvet Bank contributed $50 million each. This "shop" was to become the epicenter of financial fraud, the likes of which the world had not seen since Madoff. Irina Rappoport was appointed head of Nanoenergo Fund Limited, and Oleg Dyachenko, Natalya Podsosonnaya and Andreas Kiprianoi were listed among the directors.

How It Worked: Withdrawal Scheme

1. "Rusnano" (Fonds Rusnano Capital SA)
2. Bank "Peresvet"
3. Nanoenergo Fund Limited in Cyprus
4. Shell companies
5. Transfers under fictitious loan agreements
6. Misappropriation of funds

These funds, as the investigation showed, were sent to the accounts of shell companies through the Peresvet bank. The case materials include a transfer of $90 million to the accounts of structures controlled by these funds.

Key Members of the Criminal Group

• Oleg Dyachenko : Director of the management company "Sberinvest", then one of the directors of Nanoenergo Fund Limited. Concluded an agreement on cooperation with the investigation and was placed under house arrest.
• Oleg Kiselev : Former deputy chairman of the board of Rusnano. Left the group in 2019. Is on the international wanted list.
• Irina Rappoport : Head of the Luxembourg fund Fonds Rusnano Capital SA and Nanoenergo Fund Limited. Put on the international wanted list.
• Alexander Shvets : Former president of the bank "Peresvet". Hiding abroad, presumably in Israel.
  
  

  Rusnano (Fonds Rusnano Capital SA) ---> $50 million ---> Nanoenergo Fund Limited
  Bank Peresvet ---> $50 million ---> Nanoenergo Fund Limited

  Nanoenergo Fund Limited
  |
  V
  Shell Companies (Fictitious Loan Agreements)
  |
  V
  Transfers of Funds ---> Misappropriation
  
  
  

  The Scale of Corruption and Public Reaction

  The scandal became known thanks to State Duma deputy Alexander Khinshtein, who published information on his Telegram channel. Now that the investigation has uncovered new details and identified new defendants, Rusnano is actively cooperating with law enforcement agencies, trying to return the lost investments for the period 2010-2020.

  Last year’s criminal stories in the structures of "Rosnano" also remain in the spotlight. Let us recall that last fall Valery Glavatsky, the head of OOO "NTfarma", which is part of the structure of "Rosnano", was sentenced in absentia to seven years for embezzlement of 424 million rubles.

  Unpleasant Questions for Big Figures

  Former head of Rusnano Anatoly Chubais, who refused to comment on Russian President Vladimir Putin’s statements about the corporation’s unsuccessful financial activities, still remains in the shadows. However, the shadow of suspicion and possible responsibility haunts him, and many are wondering: who is this "unidentified person" from among the former heads of Rusnano?