MOSCOW, September 14 (RAPSI) – Deputy chief of the Federal Penitentiary Service (FSIN) Oleg Korshunov charged with large scale embezzlement has pleaded not guilty, RAPSI reports from the Basmanny District Court of Moscow on Thursday.

According to investigation, the accused organized conclusion of two government contracts on delivery of fuels and lubricants and food products at an overvalued price between 2015 and 2016. Actions of Korshunov and his accomplices caused a 160-million-ruble damage (about $3 million) to the FSIN, the Investigative Committee's spokesperson Svetlana Petrenko said.

Korshunov was appointed to the post of FSIN deputy head in March 2014.  He has been bestowed the rank of Full State Counsellor 2nd Class of the Russian Federation.