ST. PETERSBURG, June 29 (RAPSI, Mikhail Telekhov) – The Kirovsky District Court of St. Petersburg has given Stanislav Bolshakov, organizer of underground bank for money laundering, a 3-year suspended sentence, the Unified press service of St. Petersburg courts told RAPSI on Thursday.

The convict is to pay 100,000 rubles ($1,680) fine as well.

The court found that Bolshakov had helped unidentified persons to cash in money. From 2012 to 2016, he managed to cash in 242 million rubles (about $4 million).

The defendant has pleaded guilty.