Polonsky has announced his intention to run for President of the Russian Federation

MOSCOW, 8 November. /TASS/. Businessman Sergei Polonsky, who was convicted on charges of fraud to five years in prison, but released from punishment in connection with expiry of the limitation period, declared intention to stand in presidents of Russia.

“I made the decision and officially announce that he intends to run for President of Russia,” he told reporters after a meeting in Moscow city court.

Lawyer Polonsky Roman Kotelnikov has explained that the legal impediments to that is no. “He is not judged as exempt from punishment,” he said.

On Wednesday, the Moscow city court upheld the decision to release the businessman Polonsky in the court room. Polonsky was charged with committing two counts of fraud with the funds of participants in shared construction of apartment houses in the residential complex “Kutuzovskaya mile” and “Rublevsky Riviera” (part 4 of article 159, part 2 of article 33 of the criminal code). The total amount stolen, according to the case file, more than 2.6 billion rubles. In July, the Presnensky court of Moscow sentenced him to five years in a General regime colony and released him from punishment in connection with expiry of the Statute of limitations.

Fraud refers to a category of serious crimes. According to the law “On elections of President of the Russian Federation” the President has no right to be a citizen, convicted to imprisonment for committing a grave or especially grave crime, and having on the day of voting not removed and outstanding previous conviction, and within 10 years from the date of withdrawal or cancellation of conviction for a serious crime and 15 years for a felony.