Former Russian security officials accused of historic $50 million bribery

Russian security forces employees received bribes from the sysadmin of the Wex crypto exchange
Russian security forces employees received bribes from the sysadmin of the Wex crypto exchange

Two former Russian security officers have been accused of accepting what is alleged to be the largest bribe in Russia's history, amounting to $50 million, according to reports from the Russian Telegram channel CHTD on April 17.

The individuals implicated, Georgy Satyukov and Dmitry Sokolov, previously worked in the K Department of the Russian Interior Ministry, which deals with cybercrime. The Telegram channel detailed that the duo was involved in a criminal scheme protecting Alexei Ivanov (Bilyuchenko), a system administrator for the Wex cryptocurrency exchange.

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"According to the investigation, they shielded Ivanov from criminal charges in exchange for not paying a kickback, ultimately receiving bribes in cryptocurrency totaling $50 million from March 2019 to October 2021," CHTD reported.

"They threatened him with a criminal case for failing to pay a kickback. As a result, from March 2019 to October 2021, Satyukov and Sokolov received bribes in cryptocurrency in the amount equivalent to $50 million."

Following the scandal, both Satyukov and Sokolov have fled Russia.

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The previous record for a bribery case in Russia involved Interior Ministry Colonel Dmitry Zakharchenko, who was sentenced for taking a bribe worth $14.8 million. However, these cases merely scratch the surface, as there are potentially larger undisclosed cases of corruption. The extent of Russia's largest historical bribe remains unknown.

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Read the original article on The New Voice of Ukraine