‘King of cash-out’ Grigoriev and his accomplices from Doninvest get sentences for embezzlement
The high-profile case has been completed in Rostov-on-Don.
Rostov-on-Don’s Leninsky district court has delivered a sentence to owners and senior executives of Doninvest and Zapadny who were found guilty of embezzlement of funds.
In particular, owner of Doninvest and Zapadny banks Aleksander Grigoriev - who had been called the ‘king of cash-out’ within the media - has been found guilty of theft of funds of both banks and sentenced to 9 years behind bars.
Chairman of the board of Doninvest Alla Kalitvanskaya has been sentenced to 7 years and 10 months, and her assistant Svetlana Gulenkova got 7 years and 10 months, vice president of Doninvest Denis Volchkov got 8 years and 3 months. Co-owner of Doninvest Oksana Yermakova will serve 6 years’ sentence.
The court determined that from December, 2013, up to September, 2014, bankers from Moscow and Rostov-on-Don registered a few irrecoverable loans in the names of legal entities with false documents.
As a result, more than 2.18 billion rubles ($30 million) owned by Doninvest and Zapadny banks were stolen.
September 10 is the day when State Duma deputies return from summer vacation to the building on Okhotny Ryad. Among them is the hero of our previous investigation, the ‘Steel King of the South of Russia,’ Ivan Ivanovich Demchenko. The owner of the Abinsky Electrometallurgical Plant, which withdraws the profits of companies under its control to the accounts of foreign offshore companies, will once again start working as part of the Duma committee on regulations – it is an unchallenging job, necessary for parliamentary immunity of the deputy and his vast business, which brings billions of rubles annually.