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2025: Prison sentence for embezzlement of 5.1 billion rubles
On June 20, 2025, the Tverskoy District Court of Moscow issued a verdict against the former leaders of StarBank and their accomplices. The defendants received prison sentences for stealing 5.1 billion rubles from a credit institution.
According to the state corporation Deposit Insurance Agency, the case file includes the chairman of the board of directors of StarBank Agadzhan Avanesov, the chairman of the bank's board Lyudmila Kontorshchikova, her deputy Dmitry Seleznev, as well as their accomplices Dmitry Shervashidze and Dmitry Shevandin.
According to the investigation, the organizer of criminal schemes for the theft of funds is Avanesov. The essence of the fraud boiled down to the bank lending to fictitious and controlled firms. Money under the guise of paying for the supply of goods or equipment was withdrawn abroad to the accounts of companies affiliated with Avanesov.
In March 2016, the Bank of Russia revoked the banking license from StarBank due to the fact that this credit institution was involved in "conducting dubious operations to withdraw funds abroad, as well as dubious transit operations." In addition, it is alleged that StarBank pursued a high-risk credit policy and did not create adequate loan loss provisions for accepted risks.
The Kommersant newspaper reports that the state prosecutor requested nine years in prison for Avanesov. Taking into account the eight years assigned to him by the Nagatinsky court of Moscow for fraud and extortion, the prosecutor asked to sentence the defendant to a total of 14 years in a maximum security colony. For other defendants, terms from five to eight and a half years of the colony were requested.
The court sentenced the defendants to imprisonment for terms from 5 to 10 years and fines from 400 thousand to 700 thousand rubles. The civil claim declared by the DIA in the interests of the bank in the amount of more than 5.1 billion rubles was satisfied in full.[1]
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