The Russian for the first time got penal for a manipulation the market

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periodical e-edition "Lenta.ru" The Kirovo district court of the Kazan city of the Republic of Tatarstan sentenced on August 13 the former trader Public joint-stock company joint-stock commercial bank "AK BARS" Lyulinsky Artem to 2,5 years of imprisonment conditionally for a manipulation the market in especially large size. It is the first in Russian Federation a sentence under such article (h 2 Art. 185.3 of the criminal code of Russian Federation), reports Kudryavtsev Demian daily business newspaper "Vedomosti". Lyulinsky Artem from 2011 to 2016 from the personal brokerage account bought up actions at market prices then offered them for sale 2,4-5 percent higher than the market. He bought securities already from the working account...

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Article analysis

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Persons
in this article
Lyulinsky Artem
Kudryavtsev Demian
Lyakh Valery
Fatkin Mikhail
Organizations
in this article
Bank of Russia
Main activity:Finance
PJSC Sberbank of Russia
Main activity:Finance
PJSC Gazprom
Main activity:Wholesale trade
Places
in this article