The Tagansky District Court of Moscow found former director of the Russian Venture Company (RVC) Alexander Povalko guilty of abuse of power. This was reported on the Telegram channel of the capital’s general jurisdiction courts.
Author:
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“The court imposed a four-year prison sentence, to be served in a general correctional colony, with deprivation of the right to hold positions in government bodies related to the performance of organizational, administrative, administrative and economic functions for a period of two years. years,” he says in the message.
Povalko was taken into custody in the courtroom. The prosecution demanded seven years in prison for him and the defense requested acquittal. The lawyer intends to appeal the decision, TASS reports.
The sentence included the time Povalko spent under house arrest and restrictions on certain activities. He was arrested in 2020. The defense claims that the case is related to the events of 2012, when the company entered into a loan agreement with a subsidiary and transferred $5 million to purchase shares, but after the transaction only $5 million was returned. 2 million dollars. third time, since the materials were sent for further investigation twice due to errors in the accusation.
Previously, RB.RU described in detail why Povalko was persecuted.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
