A court in London has given the former banker Pugachev two years in prison – RBC

Former Senator and ex-owner of International Industrial Bank Sergey Pugachev Photo: Denisov Anton / TASS

London’s High court sentenced former senator and ex-owner of International Industrial Bank Sergey Pugachev to two years in prison for selling Rolls-Royce and Bentley cars and the output obtained for them the money

The founder of the International Industrial Bank Sergei Pugachev held responsible for several violations of orders of the High Court in London. Both the Pugachev told RBC, the court found unlawful sale of Rolls-Royce and Bentley car ownership and transfer of the proceeds of their money in France and sentenced him for that to two years in prison.

For the incomplete disclosure Pugachev information about trying Igor Altushkin (which owns 80% stake in the Russian copper company -. RBC’s ) to purchase the Yenisei industrial company (EPK, was part of United industrial Pugacheva corporation -. RBC’s ), the court appointed a businessman 20 months in prison.

As pointed out by Pugachev in the lawsuit to Russia, received by the international arbitration in The Hague in September 2015, Igor Altushkin in early 2011 , was the only possible buyer for the EPC. The purchase agreement was signed on 9 June 2011. The size of the first payment under the agreement is $ 800 million. The total value of the contract (about $ 5 billion) was to be paid to the seller in several tranches, the size of which depended on the subsequent events that occurred with the EPC. “This amount was significantly lower than the actual cost of the EPC, but it was the only available option under pressure from President Putin and the Russian Government offer Mr. Altushkin” – writes Pugachev suit against Russia. Altushkin made an advance payment of $ 150 million to remove the company from the market. “As a result, the scheme of the Russian government with Mr. Altushkin and his business partner Ruslan Baysarov Russian government expropriated EPC license without payment of any compensation,” – said Pugachev suit against Russia

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for what Pugachev left the jurisdiction of England and Wales, although the court he is banned, ex-banker received 21 days in prison.

Total Pugachev received various punishments for 12 of the 17 episodes.

«British court verdict is not for me any legal consequences. Nevertheless, I intend to file a complaint with the European Court of Human Rights “, -. Pugachev said RBC

He said, however, that the process is for him, and a positive value
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 The judge found that Pugachev in sufficient detail revealed the origin of the funds, which are translated from Russian to their accounts in Switzerland (from 2008 to 2011, Pugachev moved several million dollars from IIB to their foreign bank accounts -. RBC)

“The judge confirmed that I translated means, I received a loan from VTB secured land on Rublevo-Uspensky highway, not assets of the Bank of Russia issued Mezhprombank as unsecured loans, according to the DIA and the Russian law enforcement bodies (in the crisis 2008- 2009, the Central Bank issued Mezhprombank unsecured loans to 32 billion rubles Bank did not return them -.. RBC’s ). “Thus, the decision to disavow all claims of Russian law enforcement agencies, as well as the decision of the Russian arbitration court for bringing me to vicarious liability, which will soon be appealed to me in the European Court of Human Rights [ECHR]” – Pugachev said in an interview with RBC.