Criminal case over cashing out of $120 million in Admiralteysky bank reaches court
MOSCOW, March 22 (RAPSI) – A criminal case against five residents of the Moscow region charged with unlawful bank activity in Admiralteysky bank estimated at 7 billion rubles (about $120 million) has reached the Khamovnichesky District Court of Moscow, the press-service of the Prosecutor General’s Office has stated.
According to investigators, the defendants acted as members of an organized criminal group from January 2012 till September 2015. Allegedly they used sham firms and Admiralteysky bank accounts to cash out 7 billion rubles and receive additional 250 million rubles ($4.3 million) as commission. Two of the defendants allegedly embezzled 150 million rubles ($2.6 million) by providing false data to the bank.
In January 2017, the Khamovnichesky District Court sentenced Musa Israilov to 3.5 years in prison for illegal banking activity and large-scale embezzlement from Admiralteysky bank. The court also collected 210 million rubles ($3.6 million) from Israilov on a civil claim.
According to investigators, the man conspired with the bank top managers to conduct illegal banking transactions. From July 2011 to September 2015, alleged accomplices cashed over 23 billion rubles ($403 million). The gang members drew illegal commission income amounting to 545 million rubles ($9.5 million).