MOSCOW, December 25 The Moscow City Court freed former deputy chairman of the Central Bank of Russia Konstantin Korishchenko, convicted of theft of Investbank assets on 1.4 billion rubles, the court was told.
«The Moscow City Court changed the sentence and determined to release K.N. Korishchenko and M.I. Palchun from punishment… due to the expiration of the statute of limitations for criminal prosecution. The preventive measure in the form of detention was canceled, they were released from custody «, the statement says.
In September, the Tagansky Court of Moscow sentenced Korishchenko, the former head of several offshore companies of businessman Maxim Palchun, to seven years in a general regime colony.
A criminal case against Korishchenko, who also served as chairman of the board of the Investbank bank, and Palchun was initiated from -for theft of securities worth 1.4 billion rubles.
According to investigators, the assets were withdrawn in 2013 with the help of controlled legal entities in exchange for fictitious bills and guarantees. The actions of the accomplices bankrupted the credit institution and made the state, represented by the Deposit Insurance Agency, liable for obligations to depositors.
The defendants were detained in 2021. Korishchenko was then already a former deputy chairman of the Central Bank and headed the department of RANEPA.
Previously, the investigation of two criminal cases against six leaders of Investbank was completed, who, acting as part of an organized group, entered into loan agreements with controlled legal entities and individuals and thus stole 12.7 billion rubles. One of the top managers was sentenced to 3.5 years in prison for embezzlement; a decision has not yet been made on the other five defendants.
Central Bank revoked the license from Investbank in December 2013. Four months later, the institution was declared bankrupt.