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Ex-Aeroflot top manager sentenced to 8 years in absentia for $122.5 mln embezzlement

18:24 03/03/2017

MOSCOW, March 3 (RAPSI) - Moscow’s Savelovsky District Court on Friday sentenced Nikolay Glushkov, former Aeroflot first Deputy Director General in charge of Finance, to 8 years in prison and a 1 million ruble fine ($17,100) in absentia for embezzling over $122.5 million from the airline company, RAPSI learnt from the court’s press office.

The court also granted a lawsuit filed by Aeroflot and ordered recovery of the caused damage from the defendant.

According to investigation, in the latter half of the 1990s, Glushkov conspired with businessman Boris Berezovsky and convinced then Aeroflot Director General Yevgeny Shaposhnikov to carry out financial restructuring. Investigators claim that the loans provided for the alleged restructuring were embezzled. The alleged damage caused to the company was estimated at $122.5 million.

Glushkov is on the international wanted list. The defendant, who had left for England, was charged in absentia and in 2010 he received political asylum in the United Kingdom.


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Ex-Aeroflot top manager sentenced to 8 years in absentia for $122.5 mln embezzlement

18:24 03/03/2017 Moscow’s Savelovsky District Court on Friday sentenced Nikolay Glushkov, former Aeroflot first Deputy Director General in charge of Finance, to 8 years in prison and a 1 million ruble fine ($17,100) in absentia for embezzling over $122.5 million from the airline company.
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