Shishkhanov Mikail Osmanovich

Shishkhanov Mikail Osmanovich

Shishkhanov Mikail Osmanovich - President, Chairman of the Board and main owner of Binbank OJSC (97.604%), owner of Bashinvestbank LLC (48.37%), General Director of BIN Industrial and Financial Company, shareholder of Dekmos OJSC (49%), Inteko CJSC (95%) and Patriot CJSC, member of the board of the Association of Russian Banks and the Moscow Banking Union, owner of the Smolensky Passage and Petrovsky Passage shopping and office centers, author of two monographs and a number of articles on economic and legal issues.

Aktivs

Mikail Shishkhanov's main projects are concentrated:

• in the financial sector (Binbank OJSC, Bashinvestbank LLC, BIN Industrial and Financial Company CJSC),
• in construction (Dekmos OJSC, Inteko CJSC, Patriot CJSC).

Biography

Born on August 6, 1972 in the Grozny Chechen-Ingush Autonomous Soviet Socialist Republic (now the Chechen Republic).

Education

1993 - graduated from the bachelor's degree from the Peoples' Friendship University of Russia (RUDN University) with a degree in Economics and National Economy Management.

1995 - graduated with honors from the magistracy of the Faculty of Economics and Law of the University of Friendship of Peoples named after Patrice Lumumba.

1998 - defended his thesis for the degree of candidate of legal sciences.

2002 - defended his thesis for the degree of Doctor of Economics.

2000 - graduated from the Finance Academy under the Government of the Russian Federation with a degree in Finance and Credit.

Currently, he is studying at the MGIMO Doctoral Program in the field of jurisprudence.

Scientific degree

Doctor of Economics.

Candidate of Law.

Corresponding Member of the Russian Academy of Natural Sciences (RAEN)^[1].

Career

1992 - CJSC Industrial and Financial Company BIN.

1992-1993 - Deputy General Director of CJSC Industrial and Financial Company BIN, created by his uncle Mikhail Gutseriev.

1993-1994 - General Director of CJSC Industrial and Financial Company BIN.

1994-1995 - Head of the Department of Interbank Relations and Regional Representative Offices, Deputy Chairman of the Board, Vice President of Binbank OJSC.

September 2006 - March 2008 - President of Binbank OJSC.

Since May 2008 - Chairman of the Board of Directors of Binbank OJSC.

Since October 2008 - President of Binbank OJSC^[2].

December 10, 2008 - Chairman of the Board of Directors of Bashinvestbank LLC.

About the forecasts of Binbank's activities

2011 - acquired a 95% stake in Inteko^[3]

He took 176th place in the ranking of the Russian-language version of Forbes "The Richest Businessmen of Russia - 2011." Mikail Shishkhanov's fortune was estimated at $550 million ^[4].

Mikail Shishkhanov with Mikhail and Sait-Salam Gutseriev were the founders of the Safmar group.

On May 28, 2017, it became known that Mikail Shishkhanov left the post of chairman of the board of Binbank to focus on working in the Safmar group, his first deputy Alexander Lukin will become acting chairman of the board.

At Safmar, Shishkhanov oversees foreign economic activity as deputy chairman of the board of directors.

2020

$700 million fraud charge

In early August 2020, the ex-owners of Binbank and Otkrytie were accused of fraud worth $700 million. Former owner of Rost-Bank and majority shareholder of Binbank Mikail Shishkhanov, ex-chairman of the board of Otkritie FC Vadim Belyaev and main shareholder of Otkritie FC bank Yevgeny Dankevich became co-defendants in the suit of Trust and Otkritie banks, which is being considered in the High Court of London. Read more here.

The court arrested the assets of Shishkhanov and co-defendants in the claim of Trust for 329 billion rubles

On September 24, 2020, it became known about interim measures taken by the Moscow Arbitration Court in the form of the arrest of the defendants' property within the amount of the claim of Trust Bank to recover more than 306.5 billion rubles from the ex-head of Binbank Mikhail Shishkhanov and other persons who controlled him.

In total, five people are involved in the lawsuit - Shishkhanov, top managers of Binbank Alexei Farafontov, Alexander Lukin and Kirill Lyubentsov, as well as entrepreneur Vladimir Kiryusha. In addition, the lawsuit is directed against two foreign companies - Forcipe Investments Ltd and Kinetic Services Corp, registered in Cyprus. Third parties in both claims are the Bank of Russia and the FKBS Management Company controlled by it. RIA Novosti writes about this with reference to the case file.

The court arrested the assets of Shishkhanov and co-defendants in the claim of Trust for 329 billion rubles

As follows from the information in the file of arbitration cases, earlier on the claim for 22.7 billion rubles, the court has already taken interim measures. Thus, the arrest was imposed on the assets of Shishkhanov and his co-defendants in the amount of 329.2 billion rubles.

Shishkhanov is the former owner of Rost-Bank and the majority shareholder of Binbank. In 2014, Rost-Bank fell under reorganization. Binbank was appointed sanator, a year later Shishkhanov became his sole sanator, who bought out the shares of Rost-Bank. Then Rost-Bank was annexed to the Trust, on the basis of which the so-called bad debt bank was created. A year later, Trust filed lawsuits against its subsidiaries Growth Capital and Growth Investments to challenge transactions to increase their authorized capital by 50 billion and 205 billion rubles, respectively. The plaintiff argued that funds invested in the share capital of subsidiaries were used disproportionately to the value of assets acquired on their balance sheet.

The Trust says the claims were filed against those in control of Rost Bank. A claim for 306.5 billion rubles was filed in connection with the approval by these persons of transactions that caused damage to the bank, including transactions on the contribution of funds to the authorized capital of Rost Capital LLC and Rost Investment LLC^[5][6]

2022

Check for involvement in theft during the reorganization of Rost-Bank

Former top managers of Binbank Kirill Lubentsov and Alexander Lukin were detained in Moscow, who are suspected of embezzlement of 107 billion rubles. during the reorganization of Rost-Bank. Ex-owner of Binbank Mikhail Shishkhanov is being checked for involvement in the embezzlement. The investigation was launched at the request of the bank of non-core assets "Trust," recognized as the injured party.

Judicial recovery of billions of rubles at the suit of the Central Bank of the Russian Federation

On November 21, 2022, the Moscow Arbitration Court, at the suit of the Bank of Russia, recovered about 71.2 billion rubles from the main owner of Binbank Mikail Shishkhanov and the former chairman of the organization's board, Alexander Lukin. This amount is losses caused by the reorganization of a credit and financial institution.

At the same time, the court rejected the requirements for other co-defendants - board members Peter Morsin and Konstantin Kalagin, as well as board member Kirill Lyubentsov. The Central Bank demanded from Shishkhanov and former top managers of Binbank through arbitration more than 80 billion rubles as repayment of the damage caused by the bank's reorganization.

The court recovered 71 billion rubles from two ex-leaders of Binbank

The Central Bank filed a lawsuit against six defendants - Shishkhanov, another co-owner, Mikhail Gutseriev, and four former top managers, including Lukin, in September 2020, a few days before the expiration of the statute of limitations. The regulator demanded to jointly recover 85.4 billion rubles from them in favor of Otkrytie. But in March 2021, the court approved an amicable agreement between Otkritie and Gutseriev, in accordance with which the businessman agreed to pay the bank 14.2 billion rubles. At a meeting on April 19, 2021, the court adopted the clarifications of Otkritie, which asked to recover 71.2 billion rubles from the remaining defendants in solidarity.

The Central Bank of the Russian Federation in court asks to compensate for losses incurred as a result of the reorganization of Binbank. In September 2017, the owners of Binbank appealed to the Central Bank with a request to sanitize the bank. At that time, the main beneficiary of the oil company Russneft, Mikhail Gutseriev and Mikail Shishkhanov, controlled 98.76% of the shares of the credit institution. As part of the reorganization, the regulator capitalized Binbank by almost 57 billion rubles, becoming its main owner. In 2019, Binbank was annexed to another bank rehabilitated with the participation of the Central Bank of the Russian Federation - Otkritie^[7]

2023

Recovery of 83.85 billion rubles against debts "Digital Invest"

The Moscow Arbitration Court decided to recover 83.85 billion rubles from the former owner of Binbank Mikail Shishkhanov. The corresponding court ruling was published in mid-May 2023.

As RBC writes with reference to this document, the funds are collected against the debts of the Digital Invest company, which was controlled by Shishkhanov. The latter was declared bankrupt in 2020, in 2021 the court approved the attraction of Shishkhanov to subsidiary liability for the company's obligations. The amount of the penalty was determined by the court. During the court hearings, the representative of Shishkhanov left the issue of establishing the amount of subsidiary liability at the discretion of the court, the ruling says. The court rejected the claims against other co-defendants - board members Peter Morsin, Konstantin Kalagin, who were responsible for lending to small and large businesses, and board member Kirill Lyubentsov.

According to the court, 99.9% of Digital Invest belonged to the company registered in Cyprus Shishkhanov Foaliri Trading Limited. In March 2023, the court received a statement to determine the amount of subsidiary liability of a businessman. The register of claims of the company's creditors included 83.85 billion rubles. It was in this amount that the court determined the amount of responsibility of Shishkhanov.

It follows from the court documents that Digital Invest conducted a number of transactions that were aimed at withdrawing assets to firms controlled by the businessman. We are talking about issuing loans to Burglen Finance Limited in the amount of more than 44.42 billion rubles. In return, the debtor received shares of Grossgrove Limited, but their market value was only 1.2 billion rubles. The documents say the loan was also issued by Foaliri Trading Limited. Its size amounted to 12.1 billion rubles. The transactions were not justified and led to a loss of 10.8 billion rubles.^[8]

Recovery of 17.9 billion rubles at the claim of Trust

In early June 2023, the Moscow Arbitration Court, at the suit of Trust Bank, recovered more than 17.9 billion rubles from the former main owner of Rost-Bank Mikail Shishkhanov, as well as from four of his co-defendants. The decision was made in the framework of the proceedings related to the transaction with shares of the Yasenevo trading house.

According to RIA Novosti, referring to court documents, in 2017 Rost-Bank made an unprofitable operation to buy 99.2% of United Trading House Yasenevo JSC from the Cypriot company Malarton Holdings Limited. The transaction amount amounted to 22.7 billion rubles. However, according to the Trust's lawsuit, the real price of the asset was only 1 ruble.

Mikail Shishkhanov

The transaction was approved by the board of directors and the board 4-5 days before the signing of the contract, and the expert opinion on the valuation of the purchased asset with a price of approximately 22.7 billion rubles was received the day before the signing of the agreement. According to Trust, the leaders of Rost-Bank acted in bad faith in this situation. The forensic examination estimated the acquired stake in Yasenevo at about 4.8 billion rubles. Therefore, the court reduced the amount of the claim from 22.7 billion to 17.9 billion rubles. In addition to Shishkhanov, losses were recovered from the ex-board of Rost Bank Kirill Lyubentsov, ex-member of the board of directors of Rost Bank Alexander Lukin, owner of the Kyrgyz investment fund KLS Eurasia Venture Fund Vladimir Kiryusha and the Cypriot company Forcipe Investments Ltd

It is noted that in 2014 the Central Bank decided to reorganize Rost-Bank with the involvement of Binbank, and later Mikail Shishkhanov bought a 100% stake in Rost-Bank. In 2017, the Central Bank took both credit organizations for reorganization. About a year later, Rost-Bank joined Trust, while Binbank was merged with Otkritie Bank in 2019^[9]

Declaration of bankruptcy

On July 3, 2023, the Arbitration Court of the Moscow Region, at the request of the former main owner of Binbank and Rost Bank, businessman Mikail Shishkhanov, declared him bankrupt and opened the procedure for the sale of his property.

During the meeting, the representative of Mikail Shishkhanov said that his unfulfilled obligations to creditors amount to 853 billion rubles, which exceeds the value of his assets by 12 thousand times. According to him, by the beginning of July 2023, Shishkhanov does not work, he has no sources of income. The spokesman added that the businessman has only two apartments in his property.

Mikail Shishkhanov

Bank of non-core assets "Trust," debt obligations of Shishkhanov to which reach 88 billion rubles, opposed the introduction of a procedure for the sale of property, bypassing the restructuring of debts. A representative of Trust called it "implausible" that a person "who controlled two large banks" owns property worth 70 million rubles. According to him, as part of the restructuring, there was hope that "Shishkhanov will find property in other jurisdictions."

According to RIA Novosti, recently the Moscow Arbitration Court has adopted several judicial acts to recover large sums of money from Shishkhanov. So, from him and the former top manager of Rost Bank Alexander Lukin, about 283.9 billion rubles of losses caused by the reorganization of Rost Bank were jointly recovered. The decision has not yet entered into force. From the same defendants, two instances at the suit of the Central Bank jointly recovered about 71.2 billion rubles of losses caused by the reorganization of Binbank. From Shishkhanov and four of his co-defendants, the court at the suit of Trust recovered more than 17.9 billion rubles in losses from a transaction with shares in the Yasenevo trading house.

Shishkhanov was also brought to subsidiary liability for the debts of two of his companies: Digital Invest LLC in the amount of 83.8 billion rubles and Region Invest LLC in the amount of 74.2 billion rubles.^[10]

Charity

2012 - provided financial assistance to the Judo Federation of Ingushetia in the amount of 3.5 million rubles^[11].

Publications

Mikail Shishkhanov is the author of two monographs and a number of articles on economic and legal issues, as well as the books "Scientific and methodological aspects of audit preparation," "Ownership: administrative and legal support for market transformations in Russia" and the dictionary-reference book "Management Consulting."

Awards

• Honorary Order "Golden Star for Loyalty to Russia,"

• Order of the Russian Orthodox Church of Sergei Radonezh III degree,

• Honorary badge of the Association of Russian Banks "For services to the banking community."

Hobbies

He plays chess, is engaged in boxing.

Family

Shishkhanov is married and has four children.

Notes