MOSCOW, March 13 (RAPSI) – Moscow’s Meshchansky District Court on Friday sentenced ex-president of the Bank of Moscow Andrey Borodin to 14 years in prison in absentia for embezzling over 14.5 billion rubles (about $200 million at the current exchange rate), the court’s spokesperson Yulia Kotomina told RAPSI.
The court also ordered Borodin to be fined 2.5 million rubles (about $35,000).
His former first deputy Dmitry Akulinin was sentenced to 12 years in jail and a 2-million-ruble fine (about $30,000) in absentia.
The defendants are on the international wanted list. However, the UK earlier refused to extradite them to Russia.
Investigators believe that Borodin along with his accomplices embezzled over 14.5 billion rubles from the Bank of Moscow between 2008 and 2011 by granting knowingly unrecoverable loans and making loss forex trading transactions through companies controlled by them.
Borodin, whose Bank of Moscow functioned as the capital's chief investment vehicle under its then-mayor Yury Luzhkov, fled to the UK in 2011. In November 2011, the Russian Interpol bureau put Borodin and Akulinin on the international wanted list. In March 2013, Borodin was granted political asylum in the UK.
In 2016, Moscow’s Meshchansky District Court sentenced former top managers of the bank Konstantin Salnikov and Alla Averina to 4.5 and 4 years in prison respectively for embezzling over 1 billion rubles (about $15.6 mln) from the bank. Later, the Moscow City Court reduced prison term for Salnikov to 4 years.