Scherbakova Olga Vladimirovna

Biography

2025: Sentence - 4.5 years in prison for grand embezzlement

On December 29, 2025, the Presnensky District Court of Moscow sentenced Olga Shcherbakova, ex-chairman of the board of Krosna-Bank. She received 4.5 years in prison in the case of embezzlement of funds from a credit institution.

In addition to Shcherbakova, her deputy Valeria Sattarova and the former beneficiary of the bank Shamil Mutaev were in the dock. According to the case file, the theft of Krosna Bank funds was carried out under the guise of issuing loans to individuals. Mutaev and Shcherbakova were also found guilty of falsifying the statements of a credit institution.

𝓲

Фото: Freepik

In August 2022, the Bank of Russia revoked the banking license from Krosna Bank. The Central Bank also canceled the bank's license to conduct professional activities in the securities market. The regulator said that the credit institution violated the requirements of the law in terms of countering the legalization (laundering) of proceeds from crime and the financing of terrorism. In addition, as noted, the bank carried out suspicious operations aimed at withdrawing funds abroad, as well as carried out operations (transactions) that provide artificial maintenance of capital to formally comply with prudential norms of activity. The organization violated federal laws governing banking activities, as well as Bank of Russia regulations. The Central Bank emphasized that since 2019, Krosna-Bank has shown operating losses.

The State Corporation "Deposit Insurance Agency" stated in the interests of the bank a civil lawsuit in the amount of 47 million rubles - it was satisfied in full. Arrests on the property of convicts are preserved until the execution of the sentence. Mutaev was sentenced to 5.5 years in prison, Sattarova - to 4 years in prison.^[1]

Notes