INSUBCONTINENT EXCLUSIVE:
The United States has handed a three-year prison sentence to a Russian businessman who admitted to smuggling military-grade electronics to
Russia, the United States Justice Departmentannounced Wednesday.Maxim Marchenko, who lived and operated several companies in Hong Kong, was
arrested in September andpleaded guilty to smuggling and money laundering in a New York court in March.The United States accused Marchenko
and two unidentified co-conspirators of using shell companies to buy and send dual-use OLED micro-displays to Russia in violation of
Department said in a statement.Prosecutors said Marchenko had falsely told American distributors he was sending the dual-use goods to
customers in China, Hong Kong and other countries for medical research and hunting rifles.Marchenko's shell companies moved more than $1.6
was sentenced to three years in prison and three more years of supervised release.Money laundering carries a maximum jail sentence of 20
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