Swiss court upholds ex-Ukraine MP’s money-laundering conviction
28 Oct 2020

A Swiss court has upheld the conviction of former Ukrainian lawmaker Mykola Martynenko for laundering via Swiss banks millions of dollars worth of kickbacks for awarding overpriced contracts.

In the verdict released on Monday, the Federal Criminal Court also kept in place the conviction of a second Ukrainian national described in court documents as Martynenko’s financial adviser for helping to launder bribes worth around 2.9 million euros between 2009 and 2011.

The court sentenced Martynenko to 28 months in prison, of which 16 were suspended. He was also handed a suspended fine of 250,000 Swiss francs and will have to forfeit around 3.8 million francs ($4.2 million) to Swiss authorities.

His unnamed co-defendant was given a suspended 24-month sentence and fine.

Martynenko was accused of having been part of a group that awarded multi-million-dollar contracts for nuclear fuel equipment to a Czech-based company in return for bribes.

By Michael Shields and Natalia Zinets, Reuters, 26 October 2020

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