350 businessmen to be released from Russian jails as economic crime amnesty is approved

b733000 was951808 350 businessmen to be released from Russian jails as economic crime amnesty is approved

The number of offenders it applies to has been shaved down from earlier reported 10,000. Russia’s Penitentiary Service believes the economic crime amnesty will apply to 180 people currently serving sentences in prisons and another 160 released on parole. There are an estimated 1,350 offenders who were given suspended sentences. Around 1300 cases could be ended at the initial stage. Altogether around 3,000 people could be set free from offenses of money laundering, tax and loan evasion, loan and business fraud, copyright law infringement, illegal entrepreneurship, and other ‘minor’ offenses under 27 different articles of the Criminal Code, Ria Novosti quotes Garri Minkh. Anyone who has committed a violent offense will not be eligible for the pardon. A law that separates “true business persons from corrupted ones and is meant for the whole community, not individual players” gained approval from Russian lawmakers, which will ‘normalize’ the situation in the business community, essentially handing out ‘get-out-of-jail-free-cards’ to criminals involved in petty economic crimes. The draft resolution was passed unanimously with just one amendment with 298 votes in favor. The resolution will be recognized as law as soon as the Duma officially publishes the documents. The amnesty will not apply to Russia’s most famous tycoon prisoner, former Yukos CEO Mikhail Khodorkovsky, who was sentenced for tax evasion and fraud, and is in his tenth year in a Siberian prison. “As we have suspected, although hope dies last, this amnesty was not intended to release Khodorkovsky and Lebedev,” Lebedev’s lawyer Vladimir Krasnov told Interfax. In the last three years around 600,000 entrepreneurs have been tried for financial crimes. 110,000 were given jail terms. 12,000 have already gone to prison, the government representative in the highest courts Mikhail Barschevsky is reported as saying.

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350 businessmen to be released from Russian jails as economic crime amnesty is approved

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