Russian executive jailed 10 years for stealing 220M rubles from safe deposit boxes
A court in Sochi has jailed the former executive director of Multifunctional Depository Center LLC for 10 years. The conviction follows the theft of over 220 million rubles from clients’ safe deposit boxes. The man exploited security flaws to carry out the crime undetected for years.
The defendant held backup keys to individual safe deposit boxes, a fact unknown to clients. He also took advantage of the vault’s lack of surveillance cameras. This allowed him to access and remove large sums of money without raising suspicion.
During the trial, the man insisted he never intended permanent theft. He claimed he planned to return the funds and expressed regret in his final statement. However, the court rejected his defence and found him guilty of embezzlement. The stolen money belonged to clients who trusted the facility’s security. Many assumed their deposits were protected from unauthorised access. The court has now banned the former director from any financial activities in the future. All civil claims from the victims were fully satisfied as part of the ruling.
The 10-year sentence comes after the theft of 220 million rubles from supposedly secure safe deposit boxes. The defendant’s access to backup keys and the absence of cameras enabled the crime. He will serve his term while being permanently barred from financial work.
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