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London bank official jailed for taking bribes

Jaclyn Jaeger | June 27, 2017

A U.K. court on 20th June sentenced a former London bank official to six years in prison for accepting more than £2million in bribes in return for approving large loans.

Andrey Ryjenko was convicted of conspiring to make or accept corrupt payments following a five-week trial at the Central Criminal Court. Ryjenko, who has joint U.K. and Russian citizenship, was employed by the European Bank for Reconstruction and Development in a role that required him to consider equity investment and loan applications from firms.

He accepted bribes totalling over $3.5 million between July 2008 and November 2009, which were paid into bank accounts in the name of his sister, Tatjana Sanderson. Although charged, Sanderson was declared unfit to stand trial.

“Andrey Ryjenko repeatedly abused his position of power within a publicly-funded bank by accepting corrupt payments,” said... To get the full story, subscribe now.