The court gave for 1 year for every 38 million rubles. loans outstanding

In the Vologda region sentenced the businessman who obtained loans fraudulently. Head LLC Augustine Oleg Mehedenko was found guilty of money laundering and fraud. In 2005-2007, the businessman picked up a few credits in the Industrial Construction Bank, Bank of St. Petersburg and one of the economic departments of the Vologda region. Mehedenko provided false information about their company and gave as collateral another's property. In total he scored loans valued at more than 190 million rubles., Of which 171 million rubles. and has not returned. The court sentenced the fraudster to 4.5 years in prison and a fine. Previous decision was challenged by Justice - Mehedenko sentenced to 6.5 years imprisonment and a fine of 600 thousand rubles. This decision has been softened and has already entered into legal force.