Four former top managers of Russian river-oil transporter Volgotanker have received jail sentences for fraud and money-laundering offences from a Russian court.
All four were accused of setting up a scam to claim refunds of value-added tax (VAT) paid to the Russian state between 1999 and 2005 and channelling this money to offshore accounts. Volgotanker's chief accountant, Lyubov Bazilskaya, and Vladimir Koryakov, the former head of the Samara branch where Volgotanker is based, were sentenced to six and seven years, respectively, to be served in a maximum-security penal colony.
Suspended
