Kitbalyan Alexander Anatolyevich

Biography

2017: Condemnation for five years for sale of unsecured bills to the client for $50 thousand

In 2017 Alexander Kitbalyan was condemned for assignment in 2013 20 million rubles and sale of unsecured bills to the client for $50 thousand.

2020: Condemnation for eight years of colony

Tverskoy Court of Moscow sentenced to eight years of standard regime penal colony in February, 2020 the former shareholder and the deputy chairman of board of Alexander Kitbalyan's Alto bank which went bankrupt in 2016. As it was set in court, attracting VIP-investors, it stole in the fraudulent way $10 million at one of them — the entrepreneur Georgy Alexandrov. Alexander Kitbalyan received six years of imprisonment for this swindle, and aggregate term of punishment was appointed taking into account that the banker already is in colony for similar fraud.

Followed from the sentence announced in court that the mathematician by training Alexander Kitbalyan, working in CB Alta-bank, decided to be enriched in 2005 at the expense of the familiar investor Georgy Alexandrov. At a meeting Alexander Kitbalyan promised that high deposit interests. Georgy Alexandrov opened several checking accounts on which within the next seven years put not less than 729.2 million rubles in credit institution.

At the same time Alexander Kitbalyan every time accepted the investor personally, showed to the client transfer of money on the computer displaying cash flow on accounts of the entrepreneur. But as the investigation found, this computer was not connected to banking network.

Let's note that Georgy Alexandrov transferred the banker money without receipts.

There was only one exception: in January, 2016, a month before a response at a license Viola bank, Alexander Kitbalyan issued to Georgy Alexandrov the receipt on receiving $10 million in a ruble equivalent. But in the receipt at the same time it was not said that this money turned out parts for 2005-2012.

As the investor after the crash of bank did not get the refund, he addressed to law enforcement agencies. There concerning the banker Kitbalyan brought criminal case according to Part 4 of Article 159 of the Criminal Code of the Russian Federation (large scale fraud). During the investigation of case and by its consideration Alexander Kitbalyan did not plead guilty of Tverskoy Court.

He said that he does not follow from the receipt under what circumstances 729 million rubles were received, besides in case there are no documentary confirmations that money in general was transferred the banker. At the same time the defendant complained that the victim did not take behind collecting the means legal actions, at once having written the application in law enforcement agencies. In turn, mister Alexandrov noted that he submitted the corresponding claim within criminal case.

At the time of consideration of the case about fraud in Tverskoy Court Alexander Kitbalyan already served five-year sentence for similar crime.

During the debate the state prosecutor asked court to find Alexander Kitbalyan guilty of fraud with money of mister Alexandrov and to sentence to seven years of standard regime penal colony. The lawyer Artem Moiseyev asked the client Kitbalyan to justify "behind the absence of evidence of a crime". As a result the court sentenced the banker to six years of imprisonment, and taking into account earlier got penal by partial addition of punishments appointed to the defendant eight years of standard regime penal colony. The lawyer Moiseyev, as well as the condemned Kitbalyan, remained is dissatisfied with a sentence and told Kommersant^[1]that "surely appeals against it".

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