22:55, June 17, 2015
A senior Russian pensions official has been sentenced to ten years in a penal colony and hit with a fine of 950,000 roubles (about US$ 17,600) for accepting bribes worth more than 47 million roubles (US$ 1.8 million).
A court in St. Petersburg convicted the former head of the pension fund of the St Petersburg and Leningrad region, Natalya Grishkevich, of accepting huge kickbacks from a banker.
The court heard that Grishkevich accepted more than 47 million roubles (US$ 1.8 million) from Alexander Gitelson, head of the East-European Finance Corporation (VEFK Bank).
In May 2006, Grishkevich agreed with Gitelson to transfer funds earmarked for pensions into an account with VEFK.
Armenian News
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