London: Two London traders who conspired to defraud a Russian bank of more than £141m ($178m) in a series of complex scams were sentenced yesterday to a total of 19 years in jail, police said.
Georgy Urumov, 37, was jailed for 12 years and Vladimir Gersamia, 33, for seven years after being found guilty of multiple fraud offences following a four-month trial at Southwark Crown Court.
Police said the defendants were respected figures in their industry. "They went to great lengths to try and launder the money by using the international banking system," she said in a statement.
