Kushnarev Andrei

Biography

2025: Arrest on charges of major fraud

The Meshchansky District Court Moscow at the end of January 2025 extended the arrest of Andrei Rusnano Kushnarev, former managing director for investment activities of UK LLC, accused of large-scale fraud.

According to Kommersant, the term of detention has been extended by three months until April 27, 2025. Andrei Kushnarev was arrested on September 27, 2024, but information about the criminal case appeared only after the arrest was extended.

𝓲

Фото: Courts of general jurisdiction of the city of Moscow

The Russian Ministry of Internal Affairs charged Andrei Kushnarev with embezzlement of ₽1,676 billion funds from Rusnano in April 2024. According to the company's estimates, the total amount of embezzlement may exceed ₽43 billion, and the damage from unscrupulous financial transactions reaches ₽200 billion.

Prior to joining Rusnano in February 2014, Kushnarev worked for Baring Vostok Capital Partners, a private equity company. As part of the investigation into the embezzlement in June 2024, the company's former investment director Nail Gubaev was convicted, who later signed a contract with the Russian Ministry of Defense.

According to the publication, in August 2024, the court arrested in absentia two former top managers of the company - Oleg Kiselev and Irina Rapoport. Two other former executives were put on the international wanted list. Deputies of the State Duma sent a request to the Investigative Committee of Russia with a request to check the activities of the former head of Rusnano Anatoly Chubais.

The investigating authorities continue to work to identify all episodes of alleged criminal activity and establish a full circle of persons involved in theft.^[1]

Notes