(MOSCOW) JUST IN: Marina Rakova, the vice president of Sberbank, has been placed on the federal wanted list by Russian law enforcement after being charged in absentia with embezzlement #AceNewsDesk report

#AceNewsReport – Oct.01: Prior to her work at Sberbank, Rakova was deputy education minister. She allegedly took taxpayers’ money, initially intended for state contracts for a federal education program, and sent it to the Fund for New Forms of Education Development, where she was the CEO.

#AceDailyNews says according to RT – Daily news she is suspected to have gone abroad, fearing prosecution: According to a source cited by news agency TASS, the investigation also plans to put Rakova on the international wanted list.

Rakova is suspected of embezzling more than 50 million rubles ($685,000) and faces up to 10 years in prison. According to REN TV, the Fund for New Forms of Education Development was allocated as much as 2.837 billion rubles ($39 million) during her time in the ministry, meaning the current charges may just be the tip of the iceberg.

On Wednesday, her office and home were searched by law enforcement. One day later, she failed to turn up for questioning and turned off her mobile phone, it was reported.

On Thursday, a Moscow court also detained three of Rakova’s former colleagues, Maxim Inkin, Evgeny Zak, and Kristina Kryuchkova, who are also suspected of taking part in the fraud.

Sberbank is a Russian state-owned financial institution and is the country’s most popular bank. Earlier this year, Forbes declared it to be the “most reliable” of all banks operating in the country.

#AceNewsDesk report ……….Published: Oct.01: 2021:

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#russia, #embezzlement, #moscow, #sberbank

“Georgia court convicts former prime minister `Vano Merabishvili’ of `embezzlement & abuse of office’ is Sentenced to Five Years”

#AceWorldNews says that a court in Georgia has convicted a former prime minister, Vano Merabishvili, of embezzlement and abuse of office and sentenced him to five years in prison, AP reported.

The top ally of former President Mikhail Saakashvili served for nearly eight years as interior minister before he became the head of government ahead of a parliamentary election in 2012.

After Saakashvili’s party suffered a defeat, prosecutors filed charges against many of the ex-president’s allies. Merabishvili was arrested in May 2013 and accused of putting nearly 22,000 party campaign workers on the Labour Ministry payroll.

He also was accused of illegally appropriating a seaside residence.

#abuse, #ap, #embezzlement, #georgia, #labour, #ministry, #vano-merabishvili