Bugaevsky Alexander Svyatoslavovich

Bugaevsky Alexander Svyatoslavovich

Biography

Graduated from economics department of Academy of national economy at the Government of the Russian Federation.

He received an Executive MBA from the Academy of National Economy under the Government of the Russian Federation with a degree in bank management.

Candidate of Economic Sciences.

Since 1995 - Head of the Correspondent Accounts Department, Deputy Head of the Correspondent Relations Department, Head of the Correspondent Relations Department of Alfa-Bank OJSC.

Since 1999 - Vice President, Head of the Interbank Business Department of Alfa-Bank OJSC.

2003-2007 - Senior Vice President, Head of the Sales Department in Financial Markets, Managing Director for Debt Programs of Alfa-Bank OJSC.

2008: Chairman of the Management Board of Interkommerts Bank

Since January 2008 - Chairman of the Management Board of INTERKOMMERTS CB.

2016: Criminal case

Russia put Bugaevsky on the international wanted list on charges of embezzlement of Interkommerts assets before the Central Bank revoked his license in 2016. According to estimates by the Deposit Insurance Agency (DIA), at the beginning of March 2018, Interkommerts's obligations to creditors amounted to 86 billion rubles.

Bugaevsky himself left the country before he became a defendant in the criminal case. From abroad, he tried to challenge the arrest in absentia and the international wanted list.

The Central Bank revoked the license from Interkommerts in February 2016 due to insufficient assets of the bank, while the DIA paid 64.3 billion rubles to the bank's customers.

In November of the same year, the Investigative Committee opened a criminal case against Bugaevsky under the article "Fraud." According to investigators, he brought €45 million to the accounts of companies controlled by him. He also stole federal loan bonds worth almost 8 billion rubles, which belonged to Interkommerts.

2019: Czech Republic refuse to hand over Bugaevsky to Russia

Czech police detained Bugaevsky on April 5, 2019. He had an Interpol warrant with a "red corner," which allows immediate arrest for the issue of extradition to the wanted country.

On August 7, 2019, the Czech Republic refused to extradite to Russia the former head of Interkommerts Bank.

"Minister of Justice Maria Beneshova decided that Mr. Bugaevsky would not be extradited to Russia. There will be no additional comments on this decision, "said Rzhepka, a court spokesman.

He added that at the hearing they reported an amount of €39 million, which was squandered by Bugaevsky.

Prior to that, the Prague City Court decided that Bugaevsky could be extradited to Russia. After that, the decision was confirmed by the Supreme Court of the Czech Republic, but, according to Czech law, the final decision is made by the head of the Ministry of Justice.

2024: International wanted list in ₽3,9 billion fraud case

Alexander Bugaevsky, ex-head of the board of Interkommerts Bank, has been put on the international wanted list on charges of large-scale financial fraud. This became known on October 10, 2024. He is charged with embezzlement of more than ₽3,9 billion, which is equivalent to €45 million at the exchange rate at the time of the crime.

According to TASS, Bugaevsky was arrested in absentia for two months from the moment of his arrest or extradition to Russia. The criminal case was initiated by the Main Investigation Department of the Investigative Committee of the Russian Federation after checking the appeal of the head of the Central Bank of Russia.

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According to investigators, in the period from January 21 to 25, 2016, Bugaevsky organized the transfer of bank funds to the accounts of foreign companies controlled by him under the guise of fictitious transactions for the purchase and sale of foreign currency. This led to the revocation of the license from Interkommerts and its subsequent bankruptcy in April 2016.

As part of the investigation, Bugaevsky's property was seized. The sanctions included an apartment in Moscow, a country house, land plots in the Moscow region and funds totaling over ₽100 million.

The story with Bugaevsky received international development. He was previously detained by Czech police at the request. Russia Despite the fact that the courts Czech Republic allowed the possibility of extradition, the country's Minister of Justice refused to extradite him. Bugaevsky applied for political asylum, which was supported by MINISTRY OF INTERNAL AFFAIRS the Czech Republic.

Bugaevsky's case turned out to be connected with a new criminal case against the former Deputy Minister of Defense of Russia Timur Ivanov. He was charged with two episodes of embezzlement, one of which concerns funds from Interkommerts Bank. Ivanov denies any involvement in the crimes.

In addition, Anton Filatov, a former subordinate of Ivanov, and Felix Neuberg, a top manager of Interkommerts and a German citizen, appear in the case. Both are on the international wanted list.^[1]

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