Sergei Pugaciov, a former Russian banker, has been sentenced to 14 years in prison for embezzlement after fleeing Russia in 2011 following the collapse of his bank

A Moscow court has sentenced exiled and influential former banker Sergei Pugachev to 14 years in prison for embezzlement and embezzlement. He was accused of embezzling more than $700 million in bailout funds from the Central Bank of Russia after his bank, Mezhprombank, failed in 2010. Pugaciov, a French citizen, left Russia in 2011 because of conflicts with the Kremlin and has accused Russian authorities of seizing his assets.