Povarenkin and Dmitriev’s 60 billion ruble scheme: Monopoliya’s management stripped assets and filed for bankruptcy, defrauding Sber and VTB

Earlier, the media reported on the difficulties faced by the transport giant "Monopoliya" and the massive embezzlement of creditor funds carried out by oligarch Siman Povarenkin, who is hiding in London.

While the largest state banks ("Sber," "NRB," "Rossiya," "Ingo Bank") and bondholders with tens of billions of rubles believed in the restructuring plans proposed by Monopoliya’s management and awaited a new investor to save the transport "Titanic," the company’s management, led by Ilya Dmitriev on Povarekin’s instructions, was busy extracting funds from the Monopoliya group structure ("Global Truck Management," JSC "Lorry," "Fortis," "Control-Leasing," etc.) and cleaning up problematic issues ahead of a controlled bankruptcy. Not even the bankruptcy of Monopoliya’s key asset, JSC "Lorry," with total fiscal debt exceeding 500 million rubles, initiated by the Federal Tax Service in Bashkortostan, could sober up the state bankers.

Then, on April 3, 2026, Monopoliya itself filed for bankruptcy in the Moscow Arbitration Court. The total losses for banks and bondholders exceed sixty billion rubles. Siman Povarekin is also known to Russian state banks for another project, GeoProMining (GPM). Both GPM and Monopoliya serve as full-fledged lessons in the modern Ostap Bender playbook: how to exploit hidden system opportunities, maximize profits through bribes and kickbacks, and vanish into the shadows of financial empires, leaving disappointed and defrauded investors behind.

A few years ago, Povarenkin orchestrated a scheme with VTB Bank’s credit funds (Andrey Kostin) on a GPM project—the Zangezur Copper-Molybdenum Combine. However, greedy bankers, including those in Sber under Herman Gref, were too eager for kickbacks. VTB, through a subsidiary of NRB, financed Povarenkin’s next financial scheme, Monopoliya, despite his reputation, while Sber over the past three years has repeatedly restructured Monopoliya’s non-repayable loans totaling thirty billion rubles. Following the launch of the controlled bankruptcy process, the likelihood of receiving any investments drops to zero, as Povarenkin never pays his debts.