Monday, May 29, 2017

Dubinkin sentenced for $1 million bribe

Sergei Dubinkin, the head of Yekaterinburg's Pension Fund, was recently sentenced to 10 years in jail for a $1 million bribe.

Investigators allege that Dubinkin regularly transferred fund money allocated for the payment of social benefits and pensions to a local commercial bank. From there, the money was used for its own purposes, RIA Novosti reports.

Monthly kickbacks ranging from $17,000 to $20,000 were paid by the bank to Dubinkin, investigators allege, with approximately one-third of the money he received paid to a private bank account in Cyprus.

Dubinkin denied all of the charges and plans to appeal the court's decision, according to RIA Novosti.

According to the latest Transparency International report, released on Dec. 1, Russia ranked 143rd out of 182 countries, which matches up with Uganda and Nigeria. Transparency International is an international corruption watchdog.

Russians have consistently named corruption as one of the largest threats to the nation's developments over the past few years, various public opinion surveys have show, RIA Novosti reports.