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Biography
2025
Term - 8 years in prison for embezzlement of 10 billion rubles
On May 28, 2025, the Tagansky Court of Moscow sentenced the former chairmen of the board of Rost-Bank and Binbank Kirill Lyubentsov and Alexander Lukin. They received 8 years in prison for embezzlement on an especially large scale.
According to investigators, from December 2014 to September 2017, Lyubentsov and Lukin, as well as unidentified accomplices, made transactions unfavorable for Rost-Bank and Binbank. In particular, through the controlled company Stratola Investments Ltd, the defendants received a loan of $40 million from Rost-Bank, which was subsequently not repaid. In addition, as stated in the case file, Stratola Investments Ltd received bonds from FinStandard LLC, Vale Finance and Finstone worth more than 8.1 billion rubles from Rost-Bank, which were then stolen. The total amount of damage is estimated at 10 billion rubles.
Lyubentsov and Lukin were found guilty of two crimes under Part 4 of Art. 160 of the Criminal Code - misappropriation or embezzlement committed by an organized group or on an especially large scale. Such acts are punishable by imprisonment for up to 10 years with a fine of up to 1 million rubles. The prosecutor demanded that the defendants be sentenced to 9.5 years in a general regime colony for everyone.
The actual sentence turned out to be somewhat milder - eight years in prison, with serving a sentence in a general regime correctional colony. In addition, the court satisfied the claim of the injured party - Trust Bank (successor of Rost-Bank and Binbank) - for 10 billion rubles.
According to the Kommersant newspaper, Lyubentsov and Lukin did not admit their guilt, and therefore the court decision will be appealed. According to defense estimates, at the time of sentencing, the defendants had served in a pre-trial detention center, under house arrest and a ban on certain actions for three years.[1]
Recovery by the court of ₽71,2 billion
In August 2025, the Moscow Arbitration Court re-satisfied the claim of the Bank of Russia in the interests of Trust Bank against the former main owner of Binbank Mikail Shishkhanov and ex-chairman of the board Alexander Lukin, having jointly recovered about ₽71,2 billion losses from the reorganization of the credit institution. Judge Yulia Litvinenko announced the operative part of the decision, confirming the satisfaction of the claims of the regulator against the former heads of the financial institution. This decision was the result of a re-examination of the case after the cancellation of the previous judicial act by a higher authority.
According to Prime, the same court made a similar decision in November 2022. The judicial act entered into force in March 2023 after an appeal, but was canceled by the arbitration court of the Moscow District in April 2024.
The district court sent the case in terms of the requirements of the Central Bank to Shishkhanov and Lukin for a new consideration to the court of first instance. Cassation complaints were filed by both the defendants and the Central Bank, which demanded full satisfaction of the claim.
Two courts rejected the claims against three other defendants - board members Pyotr Morsin, Konstantin Kalagin and board member Kirill Lyubentsov. The courts did not recognize them as controlling persons of Binbank.
Morsin and Kalagin were responsible for lending to small and large businesses, respectively. The district court granted only the complaints of Shishkhanov and Lukin, noting the inapplicability of the formula from the bankruptcy law to calculate losses.
In a new review, the plaintiffs said the formula, although not applicable to the calculation, but the damages from the defendants' actions and omissions occurred and were even greater than the amount of the claim. The plaintiffs considered it inappropriate to increase the claims due to the bankruptcy of Shishkhanov and the presence of Lukin in places of imprisonment.
Representatives of Shishkhanov and Lukin insisted on the absence of guilt of their principals. In their opinion, the transactions that turned into losses were market and carried market risks. The defense argued that the Central Bank had no losses at all, since it made a profit at the end of 2018.[2]
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