Yusufov Grigory

Biography

2025: Recovery of ₽11,6 billion

The Simonovsky District Court of Moscow satisfied the civil claim of the state corporation Deposit Insurance Agency to recover more than ₽11,6 billion damage from the former vice president of Investbank JSCB Grigory Yusufov. The lawsuit was filed in the interests of a bankrupt credit institution to compensate for material damage caused to the bank. This court decision became known on July 17, 2025.

According to RAPSI, earlier the court found Grigory Yusufov and other ex-leaders of Investbank guilty of embezzling the property of a credit institution on an especially large scale. The former vice president of the bank was sentenced to seven years in prison in a criminal case of embezzlement of bank assets.

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Фото: Freepik

The bank, represented by the bankruptcy trustee of the DIA, recognized the right to go to court to recover property damage in civil proceedings. This right arose after the completion of the criminal process and the establishment of the amount of damage caused to the bank.

The Central Bank of Russia revoked the license from Investbank on December 13, 2013. At the time of the license revocation, the credit institution was ranked 80th among the largest banks in Russia with assets of ₽75,6 billion. The Moscow Arbitration Court declared Investbank insolvent on March 4, 2014.

The DIA reported that as a result of an inspection of the circumstances of bankruptcy conducted by the bankruptcy trustee, signs of deliberate bankruptcy of Investbank were revealed. The audit established systemic violations in the activities of the bank's management, which led to its financial insolvency.

Bank managers Sergei Mendeleev, Konstantin Korishchenko and Olga Borgardt did not fulfill their duties to prevent the financial collapse of the credit institution. These circumstances are the basis for bringing the controlling persons of the bank to subsidiary liability in the opinion of the bankruptcy trustee.^[1]

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