The investigation period in the case of the ex-owner of Ugra Bank has been extended

The term of the preliminary investigation into the criminal case of embezzlement of 60 billion rubles by an organized criminal community led by the former owner of the bank "Yugra" Alexei Khotin has been extended until June 16. This was reported on May 8 by the newspaper Kommersant.

The reason for this decision was the significant volume of case materials that the defendants must study. At the moment, the investigation has prepared 131 volumes. Khotin's lawyer confirmed that the review process was ongoing, but did not predict the timing of its completion.

According to investigators, members of the criminal community stole assets of the Rus-Oil company controlled by Khotyn. Previously, these assets were seized and turned into state revenue at the request of the Prosecutor General's Office. As part of the criminal scheme, about 1.5 million tons of oil were sold abroad, and the proceeds were embezzled. The total damage is estimated at 58.6 billion rubles.

On October 6, 2025, a source from Izvestia announced the termination of the preliminary investigation into the Khotin case, who pleaded not guilty.

On March 4, 2024, Khotin was sentenced to nine years in a penal colony in accordance with Part 4 of Article 160 of the Criminal Code of the Russian Federation ("Large-scale embezzlement"). As the Izvestia correspondent clarified from the courtroom, the former president of Ugra, Alexey Nefedov, received 8.5 years in a general regime colony, ex—chairman of the board Dmitry Shilyaev - eight years, and ex—director of the Moscow branch Nina Chernova - six years.