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.
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