Ex-Senator Sabadash gets another jail time
The former parliamentarian has been sentenced to seven years in a general-regime colony for stealing 190 million rubles ($3.3m) from Tavrichesky Bank. Together with his previous punishment, it makes 8.5 years to be spent in prison.
The Smolninsky District Court of St. Petersburg recognized Alexander Sabadash, the former Senator from the Nenets Autonomous District and the owner of the Liviz distillery guilty of embezzling 190 million rubles from Tavrichesky Bank, the RAPSI reported with reference to the St. Petersburg Prosecutor's Office.
The former Senator was sentenced to seven years in prison with general regime. Currently, Sabadash is serving a sentence for embezzling 1.87 billion rubles ($32m) from the state. His imprisonment will last for 8.5 years in total.
Along with the ex-Senator, the court found guilty Tavrichesky Bank Chairman of the Board Sergei Somov and his deputy Dmitry Garkusha in the embezzlement of 190 million rubles. They both got seven a years’ imprisonment. In addition, all three of the defendants will have to pay fines of 100 thousand rubles each. The bank's civil claim for damages was fully satisfied.
According to the investigation, Sabadash, Garkusha and Somov entered into 190m-ruble loan agreements with a legal entity controlled by the ex-Senator in 2013, bypassing the bank's approval and loan issuance procedure. They moved the money to the accounts of Sabadash’s foreign legal entities. The defendants pleaded not guilty.
In March 2015, the Gagarinsky District Court of Moscow sentenced Alexander Sabadash to 6 years in prison for attempting to steal 1.87 billion rubles from the state. He was found guilty of fraud with VAT refund.
Sabadash first got in the media in the 1990s. He arranged supplies of Swedish vodka named Absolut to Russia, and hence he was referred to as the Vodka King. In 1997 Sabadash bought Liviz, the largest distillery in St. Petersburg. He served as a senator from the Nenets Autonomous District between 2003 and 2006. In June 2006, Sabadash was fired for entrepreneurial activities incompatible with the parliamentarian status, for the first time in the history of the Federation Council.