MOSCOW, July 22 (RAPSI) – The Moscow City Court on Monday recalculated sentence given to Larisa Marchukova, the sister of a former financial director of Nota-bank Galina Marchukova, in a 350-million-ruble (about $5.5 million) embezzlement in accordance with new rules and freed her from custody, the court’s press service told RAPSI. 

In July 2018, President Vladimir Putin signed a law on recalculation of imprisonment terms stipulating that 1 day in a detention center would be counted as 1.5 days in a general regime penal colony or 2 days in a penal colony settlement.

This May, Moscow’s Ostankinsky District Court sentenced Larisa Marchukova to 3 years and 3 months in prison and fined her 700,000 rubles. She was found guilty of aiding and abetting embezzlement.

A criminal case over embezzlement in the bank was launched in December 2015.

According to investigators, ex-board chairman of the bank Dmitry Yerokhin conspired with the director of the bank’s financial analysis department Galina Marchukova, her sister Larisa and their friend Nonna Mikhay to steal entrusted 350 million rubles. They allegedly transferred the money to accounts of a sham firm they controlled.

In March, the court sentenced Yerokhin to 8.5 years behind bars and fined him 2 million rubles ($31,000). Mikhay received 3.5 years in penal colony for incitement to commit the crime.

Galina Marchukova was sentenced to 3 years and 4 months and a 700,000-ruble fine in May,

Nota-bank was declared bankrupt in January 2016. Examination of the bank by a temporary manager revealed evidence of deliberate bankruptcy of the financial organization. It was found out that in 2014-2015 direction of the bank manipulated its assets.