MOSCOW, May 8 (RAPSI) – The Golovinsky District Court in Moscow has passed a 3-year suspended prison sentence on ex-CEO of Russian online trading platform Wikimart Andrey Klenin in a criminal case over embezzlement of 124 million rubles (about $1.8 million) owned by iMoneyBank, the court’s press-service informs RAPSI on Friday.

The suspended prison sentence is to be followed by a 2-year probation term, the press-service adds.

Klenin has been found guilty of aiding and abetting a serious embezzlement.

According to mass media reports, in 2016 Klenin instructed his subordinates to seek a 124 million-ruble loan in iMoneyBank. Investigators believe the bank’s ex-chairman of the board Igor Volchikhin knew Wikimart would not be able to return the borrowed sum; nevertheless, he approved the deal and later embezzled the money.

In 2017, the Moscow Commercial Court ruled iMoneyBank bankrupt as demanded by Russia’s Central Bank.

Wikimart is a Russian online trading center established in 2008; it served as a platform for goods of such large retailers as Detskiy Mir, Lamoda, Citylink, Eldorado. The center ceased its operations in 2016.