Egorov Vadim Nikolaevich

Egorov Vadim Nikolaevich

Vadim Nikolaevich Egorov - Chairman of the Board of JSC Joint Stock Commercial BaikalBank

Biography

Vadim Egorov received his higher education at Novosibirsk State University. Candidate of Economic Sciences.

From June 1993 to 1996 he worked as chairman of the board of the Social Pension Bank Sotsimbank.

In 1992 and until 1998 - Member of the Board of Directors of ACB Asia-Trust

In 1998, by a decision of the Board of Directors, Vadim Egorov was elected Chairman of the Management Board of OJSC BaikalBank"."

It was elected the deputy of National Hural of the Republic of Buryatia of the third convocation. Member of the Committee of the People's Khural Respubika Buryatia on Social Policy.

As of December 4, 2013, Vadim Nikolaevich Egorov works as chairman of the board of JSC joint-stock commercial BaikalBank.

Television interview with Vadim Egorov

2016: Baikalbank licence revocation

BaikalBank was deprived of its license in August 2016 after a raid by depositors and the Bank of Russia identified operations with signs of asset withdrawal. As a result of the bank's bankruptcy, the Deposit Insurance Agency (DIA) paid over 7 billion rubles to the victims. At the same time, about 3 thousand depositors and entrepreneurs who held more than 1.4 million rubles in their accounts were left without compensation.

Among the depositors whom the bank "threw" on large sums, the ex-First Deputy Prime Minister of the Republic of Belarus Vladimir Heidebrecht stands out, who lost during the bank's collapse about 72 kilograms of gold that were there on an impersonal metal account. In total, in BaikalBank, the former official held 176 million rubles, previously raised from the deal to sell to oligarch Oleg Deripaska a block of shares in the Selenginsky Central Control Commission, which he had previously led. Moreover, the situation with the loss of such colossal amounts for Buryatia is unique - so many funds of one depositor have never disappeared in banks.

2019: Criminal case over the loss of 72 kg of gold

In 2019, the Ministry of Internal Affairs of Buryatia opened a criminal case against the former chairman of the board of BaikalBank Vadim Egorov under Part 4 of Art. 159 of the Criminal Code of the Russian Federation (fraud on an especially large scale) on the fact of the loss of 72 kilograms of gold. Among the victims are the ex-first deputy chairman of the government, Khural deputy Vladimir Heidebrecht.

After being elected as a deputy in the hall of the People's Khural, Heidebrecht found himself at a nearby table with the head of BaikalBank, NH deputy Vadim Yegorov. Who, between meetings, convinced his "spravoross" colleague to transfer money from the Irkutsk bank to BaikalBank. Moreover, most of the 176 million rubles, apparently, on the advice of a party colleague, went to an impersonal gold metal account (compulsory medical insurance) opened at BaikalBank. Which, unlike cash deposits, is not subject to government insurance guarantees.

Under these conditions, Mr. Heidebrecht took an unreasonably high risk of investing most of his capital in compulsory medical insurance. In the "zero" years, gold continuously grew - from $300 per troy ounce in 2002 to $1800 in 2012. In fact, the invested capital grew 5-6 times! Since 2012, however, gold has rolled down and fallen to $1,100 an ounce by 2016.

In 2015, realizing that it was time to record losses, Heidebrecht asked Egorov to return the funds. But, as follows from the data of the DIA, back in the spring of 2015, funds from the gold account of Heidebrecht were debited to a certain Vitimsnab LLC.

We add that by this time the social position of the depositor had dropped to the level of a pensioner from Kaliningrad (where the ex-deputy left) and almost stopped talking to him at BaikalBank. Only stubbornly dragged on time. Accordingly, when the bank raided depositors on April 26, 2016, and then revoked the license, the prospects for the return of gold began to approach zero.

The republican media said that Vadim Egorov denies his guilt in the disappearance of gold at BaikalBank, considering the loss of funds only an unsuccessful investment of the depositor.

2021: Award of 5 years in prison

In November 2021, the court appointed Vadima Yegorova 5 years in prison in a colony. The total amount of theft amounted to more than 6.4 billion rubles. The ultimate beneficiary of Baikalbank, Ilya Kligman, has been put on the wanted list internationally.

2025: Sentence - 13 years in prison for embezzlement ₽692 million

The Railway District Court of Ulan-Ude sentenced the former chairman of the board of BaikalBank Vadim Egorov to 13 years in prison in the case of embezzlement of more than ₽692 million from the accounts of a credit institution. The decision on punishment was made on June 9, 2025 following the consideration of the materials of the criminal case.

According to the press service of the Deposit Insurance Agency (DIA), the court also found Egorov's accomplice, Zorikto Mikhailov, guilty, who received 4 years in prison and a fine of ₽300 thousand. Egorov for the totality of crimes was additionally sentenced to a fine of ₽800 thousand.

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Фото: Freepik

The civil claim declared by the state corporation DIA in the interests of the bank in the amount of more than ₽568 million was satisfied in full. The funds in the amount of over ₽123 million were reimbursed to the bank during the judicial and claims work carried out by the agency.

The arrests imposed on the property and funds of the convicted Egorov and third parties were preserved by the court. Earlier, the Zheleznodorozhny District Court in Ulan-Ude found Vadim Yegorov guilty of embezzlement of someone else's property on an especially large scale by deception and abuse of trust using his official position.

According to the case file, in June 2015, Egorov, holding the post of chairman of the board of BaikalBank, ordered gold belonging to one of the institution's clients with a total weight of 78,325 grams. The precious metal was in the impersonal metal account of the bank's client.

Egorov converted gold into currency and transferred funds to the account of the commercial structure under his control. The money received was spent on paying off overdue debt of borrowers and improving the bank's financial performance. The damage from this transaction amounted to ₽162 million.

The Bank of Russia revoked the banking licence from the credit institution in 2016. The regulator explained that in the conditions of placing funds in assets of unsatisfactory quality, BaikalBank inadequately assessed the accepted risks.^[1]

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