OREANDA-NEWS  On 08 September was announced, that Dzerzhinsky District Court of Perm convened to examine a criminal case brought against ex-Director of Perm Branch of Ingosstrakh G.B. Sokolova pursuant to Article 159 Part 3 of the RF Criminal Code for fraud large scale embezzlement and misfeasance of office.

The audit of financial and economic performance of IJSC Ingosstrakh in Perm in 2005-2006 discovered a number of facts of illegal activities of G.B. Sokolova who was acting Director of the Branch at the time. These activities resulted in significant damages for the company through an unsubstantiated payment of the agency fee for the services which, in fact, had never been rendered by the agents.

On July 17, 2006 Ingosstrakh terminated Ms. Sokolova’s employment contract. IJSC Ingosstrakh addressed local law enforcement authorities with a petition to initiate a criminal case re: embezzlement through fraud and malpractice. On August 28, 2008 Dzerzhinsky District Court of Perm examined the case against G.B. Sokolova and announced her guilty of the crime pursuant to Article 159 Part 3 of the RF Criminal Code. G.B. Sokolova was sentenced to 3 years in prison. The sentence is conditional with a probation period of 3 years.

Besides, the court satisfied the civil suit brought by IJSC Ingosstrakh. G.B. Sokolova was charged to compensate the damages in the amount of more than RUR 850 k. The court obliged Ms. Sokolova to report for registration to the Criminal and Executive Inspection at the place of residence and to not change her residence address unless the Criminal and Executive Inspection is notified respectively. IJSC Ingosstrakh is satisfied with the sentence and will undertake to take all legal steps to protect the interests of its clients and to prevent embezzlement in the company.