Ten individuals convicted of $9 million cash withdrawal to China
MOSCOW, October 24 (RAPSI) – A court in Russia’s Yekaterinburg has sentenced ten people to prison terms ranging from 5 to 6.5 years for siphoning of 595 million rubles ($9 million) to China, the Investigative Committee’s press service reports.
Moreover, eight Russian citizens and two Chinese nationals have received fines from 200,000 to 500,000 rubles ($3,000 – 7,600).
From April to December 2014, members of a criminal group got the money out to accounts of Chinese companies under the guise of sham IT service contracts, according to investigation. The defendants created seven firms to commit the crime, the Investigative Committee’s statement reads.