Ukraine’s Savchenko says wants to run for president in 2019World May 25, 3:38
Putin venerates St Nicholas's relics in Cathedral of the SaviorSociety & Culture May 24, 21:53
Putin points out Russia’s good relations with EgyptRussian Politics & Diplomacy May 24, 21:30
Ukraine names conditions for Minsk accords' political part implementationWorld May 24, 20:44
Blaze-stricken Siberian areas expecting downpours that may quash firesSociety & Culture May 24, 19:45
Contact Group on Ukraine proposes more areas of disengagementWorld May 24, 19:39
Russian Emergencies Ministry says over 70 homes burn down in SiberiaSociety & Culture May 24, 18:49
International Chekhov Theater festival opens its doors for 13th time in MoscowSociety & Culture May 24, 18:44
Putin decorates commandoes for two-day face-to-face clash with militants in SyriaRussian Politics & Diplomacy May 24, 18:31
MOSCOW, May 26. /TASS/. The Russian business community drafted a proposal to Russian President Vladimir Putin on the imprisonment for up to 10 years for the fraud with the bankruptcy of banks.
The proposal on amendments to the Russia’s Criminal Code is described in the report titled "Recommendations and Concerns of the Russian Business" to be presented to Russian President Vladimir Putin by Business Ombudsman Boris Titov on Tuesday.
It is proposed to amend the fraud articles of the Criminal Code by introducing the imprisonment up to 10 years in case of fraud during government procurements and completion of the government defense order and bankruptcy of banks.
There is a need to toughen punishments in this sphere because this problem "affects interests of other businessmen holding accounts with such banks," Titov added.
The business community also suggests lowering the maximal imprisonment period from ten to six years for other cases of fraud in the business activity.
The report also suggests a two-fold increase for limits of damage implying the criminal liability of businessmen for economic crimes.