Financial crimes

Tag: Financial crimes

Head of St. Petersburg venture capital fund found guilty of funneling assets

The head of the fund for support of St. Petersburg’s small businesses Rifat Islyayev had been sentenced to 3 years on probation for abuse of office and deliberately placing 200 million rubles (about $3.3 million) in a bank on a brink of closure.

10:59 30.07.2018

Russian financier charged with security market manipulation

Former head of the stock exchange operations directorate for the financial markets department of one of commercial banks Andrey Kornilov has been charged with manipulation of securities market.

15:52 06.06.2018

Sentence of gang members for siphoning $2 bln out of Russia upheld

The Moscow City Court has upheld the sentence of gang leaders Sergey Magin and Vadim Rybalchenko, who received 8.5 years in a penal colony for unlawful cashing out and siphoning about 122.3 billion rubles ($2 billion) out of Russia.

16:59 15.11.2017

Defendant in $51 mln cash withdrawal case gets 2.5 years in prison

The Shcherbinsky District Court in Moscow has sentenced Artur Kovalenko, a defendant in the case over illegal cashing in of 3.1 billion rubles ($51 million), to 2.5 years in prison.

11:58 11.07.2017

Russian law enforcement agencies bust criminal group suspected of funneling funds abroad

Officers of the Russian Interior Ministry's Economic Security and Anti-Corruption Department and the Ministry’s Investigative Department have busted members of a criminal group suspected of financial crimes.

14:34 22.05.2017

Four people charged with illegal cashing of $527 mln to go on trial in Russia

A criminal case against four individuals, who had allegedly cashed 31 billion rubles ($527 million), was forwarded to the Krasnogorsk City Court of the Moscow Region.

17:40 10.03.2017

Over 500 mln euros blocked on suspected Russian criminals’ accounts in Switzerland in 2014

Swiss authorities in 2014blocked access to accounts holding over 500 million euros that belong to Russians who are suspected of having committed crimes in Russia, Prosecutor General Yury Chaika said on Tuesday.

17:51 24.03.2015

State Duma adopts bill to tighten penalties for disclosing commercial secrets

The State Duma has adopted a government-drafted bill on tougher penalties for corporate espionage in the first reading.

17:30 18.03.2015

State Duma committee backs fines for financial services ad violations

The State Duma Committee on Constitutional Legislation and State Building recommended on Monday that the lower house of the parliament pass amendments to the Code of Administrative Offenses to include fines of up to 1 million rubles ($16,000) for violations in financial services advertising.

14:15 16.03.2015

Shadow banker who earned hundreds of millions on fraud to be tried in Moscow

Investigators have finished probing the case of an organized crime leader who made hundreds of million rubles through unlawful acts.

12:51 02.03.2015

Over 2,300 convicts released under economic crime amnesty in Russia

More than 2,300 convicts have been released in Russia in accordance with economic crime amnesty passed in July 2013, according to a news release of business ombudsman's office obtained by RAPSI.

16:07 04.02.2014

Russian national sentenced to 2.5 years in US for securities fraud conspiracy

Russian national Petr Murmylyuk was sentenced in the US on Friday to two and a half years in prison for conspiracy to commit securities fraud, according to court documents obtained by RAPSI.

12:40 03.02.2014

Putin signs law prohibiting illegal financial transactions

President Vladimir Putin has signed the law prohibiting illegal financial transactions adopted by the State Duma on June 11, the Prime business news agency reports.

11:53 01.07.2013

Shell companies withdrew $24 billion from Russia in three years - Central Bank

A network of shell companies withdrew 760 billion rubles ($24 billion) from the Russian economy in 2010-2012, the chairman of the Central Bank Sergei Ignatyev, said at a session of the State Duma on Wednesday.

16:38 19.06.2013