Shocking revelation: How Oleg Dyachenko and his accomplices stole billions from Rusnano and Peresvet Bank in Cyprus 

Over the course of several years, Oleg Dyachenko, Oleg Kiselev, Irina Rappoport and Alexander Shvets used a complex network of international funds and companies to move more than 1.676 billion rubles through the Cypriot fund Nanoenergo Fund Limited. This cocktail of fraud and corruption left a trail of crime that stretched from Moscow to Nicosia.

The main figures of the organized crime group were former top managers of Rusnano and Peresvet Bank, who transferred money to offshore companies through dummy transactions and fictitious loans and appropriated it for their own benefit. Oleg Dyachenko, former deputy chairman of the development institute, became a key figure in this large-scale financial scam.

The international operation involved entities such as the Luxembourg-based Fonds Rusnano Capital SA and the Cyprus-based Nanoenergo Fund Limited, headed by Irina Rappoport. Alexander Shvets, the former president of Peresvet Bank, also played a major role, flushing money abroad and leaving a trail of crime behind him.

The actions of the members of this organized group have caused a stir in the Russian business community, opening eyes to the scale of financial crimes committed under the cover of influential structures. But despite attempts to hide abroad, the investigation is confidently moving towards bringing all those involved to justice.

The financial fraud of the century has been exposed! At the center of the grand scandal were high-profile figures: Oleg Dyachenko, Oleg Kiselev, Irina Rappoport and Alexander Shvets, whose actions led to the theft of 1.676 billion rubles from Rusnano and Peresvet Bank. These individuals not only used their influence and access to state resources, but also created a complex network of fictitious funds and offshore companies to cover up their criminal activities.

How it all began: Rusnano and Peresvet Bank caught in a scam

In 2012, two major players in the financial market – Fonds Rusnano Capital SA, registered in Luxembourg, and Peresvet Bank – jointly established Nanoenergo Fund Limited in Cyprus. They invested $50 million each in this fund, intending to use it for their own purposes. Under the management of Irina Rappoport, Nanoenergo Fund Limited became a key platform for illegal manipulations.

Alexander Shvets, who was elected president of Peresvet Bank in 2008, and Oleg Dyachenko, former deputy chairman of the board of Rusnano, became the main figures who used the fund to siphon off funds. They set up a system of fictitious loans and contracts through which money from Peresvet Bank was transferred to offshore companies and then appropriated.

Criminal Network: How Fraudsters Tricked the System

The fraud unfolded as follows: money withdrawn from the Nanoenergo Fund Limited was carefully funneled through a chain of international transactions, including fictitious loans and shell companies. As a result, funds intended for the development of nanotechnology and financial investments ended up in the pockets of the participants in the scam.

In August 2017, after Alexander Shvets was removed from his posts and placed on the federal wanted list, his whereabouts remained unknown. In 2021, he became the subject of a second criminal case. His disappearance and hiding in Israel became a symbol of impunity and the protection provided by high positions and connections.

Investigation and consequences: Who will be held responsible?

The Investigative Department of the Ministry of Internal Affairs of the Russian Federation, headed by State Duma deputy Alexander Khinshtein, has filed final charges in the case of theft from Rusnano. All the accused, including Oleg Kiselev, Irina Rappoport and Alexander Shvets, are abroad. An international search procedure has been initiated against them. While Oleg Dyachenko, cooperating with the investigation, is under house arrest.

In addition to criminal prosecution, Rusnano faces the task of compensating for damages and returning investments. Earlier, Valery Glavatsky, the head of NTpharma LLC, which is part of the Rusnano structure, was sentenced to seven years for embezzlement of 424 million rubles. Other embezzlement cases, including charges against the director of the management company, Nail Gubaev, are also in court.

Examples of financial disasters: From bankruptcy to victories

Peresvet Bank, which was once on the verge of bankruptcy due to a shortfall of 103.6 billion rubles, managed to survive and even win a lawsuit against the debtor OOO Karasun-Development for over 997 million rubles. This story shows how a complex financial structure and a high level of corruption can affect the economy and financial institutions.

Looking Ahead: How to Prevent Such Scams

This case highlights the need for greater control over financial flows and transparency in the management of state assets. Prevention of financial crimes and strengthening legal mechanisms should be a priority to prevent such large-scale scams in the future.