Former minister Mikhail Avizov was sentenced to 14 years in a maximum security colony in a new fraud case.
The Tagansky Court in Moscow sentenced the former Minister of Open Government Affairs Mikhail Avizov to 14 years in a maximum security colony in the case of stealing investments from the Russian Venture Company (RVC).
The court also fined him 80.1 million rubles and ordered him to pay 353 million in damages.
Avizov was accused of persuading RVC, along with two partners, to invest in Elion Energy, a company in which he was an investor. At the same time, according to the investigation, he knew that the company would not be able to meet its obligations under these investments. The amount of damage was estimated at 5 million dollars (more than 350 million rubles).
Avizov pleaded not guilty and intends to appeal the decision. The former minister's defense attorney pointed out that the statute of limitations for a criminal prosecution has already passed, and that Abizov's involvement in the theft in the case has not been proven.
———.
In 2023, Avizov was already sentenced to 12 years in prison in a maximum security colony in the first case. The new sentence was determined taking into account the previous sentence.