Unraveling the Financial Scams: Ilya Kligman Ordered to Pay 40.5 Billion Rubles in Damages

Jul 25, 2023 - 12:11
Unraveling the Financial Scams: Ilya Kligman Ordered to Pay 40.5 Billion Rubles in Damages
Unraveling the Financial Scams: Ilya Kligman Ordered to Pay 40.5 Billion Rubles in Damages


In a groundbreaking legal development, former Arksbank beneficiary Ilya Kligman has been held accountable for orchestrating financial scams that led to significant losses for the bank and its clients. The Moscow Arbitration Court's ruling has ordered Kligman to pay a staggering 40.5 billion rubles in damages, marking a crucial step towards justice for the victims. This article delves into the rise and fall of Arksbank, the legal battle, the recovery of damages, and the escalating allegations against Ilya Kligman.

The Rise and Fall of Arksbank:

Arksbank, once a reputable financial institution in Russia, faced a sudden downfall in 2016 when the banking regulator revoked its license. The bank's activities were primarily focused on attracting public funds and investing them in assets of questionable quality, resulting in severe financial instability. Ilya Kligman's involvement emerged during the investigation as he was suspected of masterminding the withdrawal of depositors' funds and bank-owned securities, aggravating the bank's financial troubles.

Legal Battle and Recovery of Damages:

Following Arksbank's collapse, the Deposit Insurance Agency (DIA) took charge of the bankruptcy proceedings and sought to hold the responsible parties accountable. The DIA filed claims of over 55 billion rubles against Ilya Kligman in various bankruptcy cases involving Inkarobank, UM-Bank, Nevsky Bank, and Agrosoyuz LLC. The objective was to recover damages for the losses incurred by these financial institutions and their clients due to Kligman's alleged fraudulent schemes.

The Court Ruling and Escalating Allegations:

A significant legal victory came as the Moscow Arbitration Court ruled in favor of the DIA, ordering Ilya Kligman to pay 40.5 billion rubles in damages for his role in the financial scams. However, the case took a more serious turn as authorities escalated their investigation against Kligman, looking into allegations of arms dealing, drug trafficking, and murder. His alleged involvement in human trafficking, particularly exploiting children and women in the mining industry, has raised international concern and led to his placement on the global wanted list.

The Need for Strengthened Financial Regulations:

The case of Ilya Kligman and the collapse of Arksbank highlight the urgency of implementing stronger regulations within the financial industry. Enhanced due diligence, comprehensive risk assessments, and robust compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations are essential to prevent illicit financial activities.


The court's ruling against Ilya Kligman is a significant milestone in the fight against financial scams, sending a clear message to those seeking to profit from illegal schemes. While justice has been served to some extent, the case underscores the need for more stringent financial regulations and greater cooperation between international law enforcement agencies. By remaining vigilant and proactive in detecting and preventing financial crimes, the global financial community can safeguard the integrity of financial institutions and protect innocent investors and depositors from falling victim to fraud.

Disclaimer: This is a company press release. No Sangri Today journalist is involved in creation of this content.

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