Mukhiev Magomed Mazhitovich

Biography

2019: Sentence - 11 years in prison

In August 2019, the Zamoskvoretsky court sentenced the shadow owner of nine banks Magomed Mukhiev - Antal, Lada Credit, Doris Bank, Greenfield Bank, Sodruzhestvo, Mezhregionbank, Regional Savings Bank, NST Bank and Maximum to an 11-year term.

The court found him guilty of organizing a criminal scheme to steal depositors' funds attracted by inflated interest rates. The center of the criminal scheme was Antalbank, from where depositors' money was already withdrawn abroad. In total, 37 billion rubles were stolen in this way.

At the same time, the court dropped the charges of organizing a criminal community from the financier, and released other defendants after the trial. Another participant in the fraud, Mikhail Yanchuk, escaped from Russia.

2022: Re-conviction

The court for the second time sentenced the shadow owner of several banks, Magomed Mukhiev. He was accused of attracting citizens' funds at inflated interest rates, and then withdrawing money to structures controlled by him and his accomplices. Three years ago, on charges of embezzlement of almost $1 billion from Antalbank funds, he received 11 years in prison, but the court of appeal returned his case for a new trial. Now Mukhiev received four months less and was fined 9.5 million rubles.

Mukhiev controlled Antalbank and eight other credit institutions - Lada Credit, Doris Bank, Greenfield Bank, Sodruzhestvo, Mezhregionbank, Regional Savings Bank, NST Bank and Maximum (all licenses were also revoked in 2015).

2023: Seizure of property worth 23.6 billion rubles

At the end of September 2023, the Arbitration Court of the Moscow District issued a decision on the arrest of property, the former president of the design bureau Antalbank"" Magomed Mukhiev, as well as his close relatives and affiliated persons. The arrest concerns assets, including cash, worth 23.6 billion. rubles

According to the press service of the Deposit Insurance Agency (DIA), the seizure of property was imposed as part of the bankruptcy case of Magomed Mukhiev. Earlier, the court declared him insolvent (bankrupt) and opened a procedure for the sale of property against him. The adoption of interim measures will increase the likelihood of actual receipt of funds in favor of the debtor's creditors, the state corporation noted.

Magomed Mukhiev

They also recalled that Magomed Mukhiev, at the request of the DIA, was brought to subsidiary liability for the obligations of a number of credit institutions, the beneficiary of which he was. According to Antalbank, MRB, Doris Bank, RBS, Lada-Credit, Greenfield Bank, the amount of subsidiary liability has already been established and amounts to 24.3 billion rubles.

For NST-Bank and Maximum Bank, the exact amount will be determined after the end of settlements with creditors. Also, by November 2023, the court is considering the requirement to bring Magomed Mukhiev to subsidiary liability for the obligations of Sodruzhestvo Bank.

According to Kommersant, the investigation into the theft of funds of depositors of the Antalbank group began after its collapse, in 2015. And after contacting the law enforcement agencies of representatives of the Central Bank, the Investigative Department of the Ministry of Internal Affairs first dealt with the case, but then its materials were transferred to the TFR. According to the newspaper, the criminal scheme was built on attracting funds from the population at interest rates that significantly exceed the market. But after the depositor placed the money, they, under various pretexts, began to "roam" from one bank that was part of the criminal scheme to another, and then were withdrawn to the accounts of companies controlled by fraudsters or stolen under the guise of acquiring securities, the value of which was artificially inflated.^[1]

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