MOSCOW, January 28 (RAPSI) – A Domodedovo Court in the Moscow Region has given the former Director General of Eurasia Logistic, Alexander Volkov, a 5-year suspended sentence for embezzling more than 12.7 billion rubles ($161 million) of BTA Bank assets, the court told RAPSI on Thursday.

The court also imposed a fine of 800,000 rubles ($10,000) on Volkov.

Eurasia Logistic belonged to Kazakh tycoon Mukhtar Ablyazov. It built industrial facilities in the former Soviet Union and is part of the investment and industrial group Eurasia. It has been running Class A industrial complex projects since 2005.

According to investigators, in 2007, Volkov along with former head of BTA Bank Ablyazov and other members of an organized group embezzled the bank’s assets totaling over 12.7 billion rubles.

Volkov has pleaded guilty.

Ablyazov, accused of embezzling over $6 billion from BTA Bank, fled to the UK after the Kazakh government acquired a stake in BTA Bank in 2009 and the bank came under the control of its sovereign wealth fund Samruk-Kazyna.

He was granted political asylum in Britain in 2011. However, he remained a fugitive from justice since February 2012.

His whereabouts remained unknown until he was detained on July 31 near Cannes, France. Kazakhstan, Russia, and Ukraine are all seeking his extradition.

In October 2015, French authorities approved the extradition to Russia of Kazakh tycoon Ablyazov.