A Moscow court sentimental Exiled businessman Sergei Pugachev to 14 years in prison in absence for positions of Emzzs and Malplantation on Tuesday, more than a decade after his bank collapsed and fled the country.
Pugachev, once a powerful senator and founder of Mezhprombank, was known in the 2000s as “Putin’s banker” due to his narrow links with the Kremlin.
Mezhprombank, established in 1992, became one of Russia’s people before breaching 200 million euros in Eurobond payments in 2010. A Russian court declared it in bankruptcy the same year.
The authorities accused Pugachev or accelerated more than $ 700 million in rescue funds provided by the Central Bank of Russia. On Tuesday, the Tverskoy District Court found him guilty and issued a 14 -year prison sentence to enforce his extradition.
The Court estimated the bank in 92 billion rubles ($ 1.1 billion) but fined only 800,000 rubles, agreed to the Kommersant commercial newspaper.
Pughev’s lawyer said that the exiled businessman had tried to transfer the case to France, where he has lived since 2011.
French citizen since 2009, Pagachev left Russia after a fight with the members of the internal circle of President Vladimir Putin after the financial crisis of 2008.
Since his departure, Pugachev has accused the Kremlin of taking advantage of his assets without compensation and dismantling his multimillionaire commercial empire.
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