Andrei Melnikov headed Russia’s agency tasked with protecting bank depositors. Now he’s been sentenced to 4.5 years in prison for a 4 billion-ruble fraud.
Moscow’s Presnensky District Court sentenced Andrei Melnikov, the former head of Russia’s Deposit Insurance Agency, to 4.5 years in prison and fined him 900,000 rubles.
Andrei Melnikov, the former head of Russia's Deposit Insurance Agency, has been sentenced to 4.5 years in prison and fined 900,000 rubles for large-scale fraud. The court found that he stole 4 billion rubles through schemes involving the assets of Aquamir, a Novosibirsk water park in receivership administered by the agency. Melnikov pleaded guilty during the proceedings and is eligible for parole as early as July 2027, with credit for time spent in custody.
His former deputy, Alexander Popelyukh, who was also under investigation at the time, testified against him and received a four-year sentence in a related case involving the theft of 200 million rubles.
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