Probiznesbank ex-executive officer convicted to 4 years in prison for embezzling $42 million
Nikolay Alekseev admitted his guilt, confirming that he had signed fictitious loans.
The Ostankinsky Court of Moscow convicted former head of the corporate finance department of Probiznesbank Nikolay Alekseev of embezzling 2.4 billion rubles ($42m).
"To convict Alekseev and impose a penalty on him in the form of imprisonment for a period of 4 years in a standard regime penal colony. To impose a fine of 1 million rubles ($17.5 thousand)", – Judge Yanina Isaeva announced the verdict.
The trial against Alexeev was held in a special order, as he pleaded guilty.
"He provided full cooperation, helped the investigation to establish involvement in the crime of other persons. Nikolay Alekseev gave testimony about the role of other persons", – TASS quotes the prosecutor.
The court also granted a civil claim of Probiznesbank to recover stolen 2.44 billion rubles ($42.8m) from Alekseev.
Nikolay Alekseev was imprisoned in February last year. According to the investigation, Alexeev signed a series of unsecured and unrecoverable loans, which were converted in foreign currency, and withdrawn to the accounts controlled by the ex-management of the bank in Cyprus and Latvia.
It should be noted that the Investigative Committee is also investigating the criminal case against other bankers of Probiznesbank. Thus, in February 2017 the Moscow Basmanny Court arrested in absentia the ex-president of the bank, ex-head of financial group Life Sergey Leontyev and ex-chairman of the board Alexander Zheleznyak. They are charged with embezzling over 25 billion rubles ($439.4m) from the credit institution. Alekseev and Zheleznyak, according to sources, are hiding in the United States.
The Central Bank revoked the license Probiznesbank in August 2015. The regulator noted that the bank had violated federal laws and regulations. After bankruptcy in October 2015 the bank was due an unprecedented amount – 83 billion rubles ($1.4bn) – to the customers.