MOSCOW, September 22 (RAPSI) - The Moscow City Court on Tuesday upheld a 3-year suspended term passed on ex-CEO of Russian online trading platform Wikimart Andrey Klenin in a criminal case over embezzlement of 124 million rubles (about $1.6 million at the current exchange rate) from iMoneyBank, the court’s press service told RAPSI.

However, the court overturned a part of sentence concerned a civil claim and ordered the bank’s suit to be considered in civil proceedings declaring the plaintiff’s right to the claim granting.

In May, the Golovinsky District Court in Moscow found Klenin guilty of aiding and abetting a large-scale embezzlement. In addition to the 3-year term he was sentenced to a 2-year probation term after release.

According to case papers, 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.