Ex-Novatek Finance Chief Gyetvay Gets Seven Years in US Tax Case

Sept. 21, 2023, 7:45 PM UTC

A former top executive at Russian gas producer Novatek PJSC was sentenced to seven years in prison for using Swiss bank accounts to hide more than $93 million from the US Internal Revenue Service, the Justice Department said.

Mark Gyetvay, the ex-chief financial officer at Novatek, was convicted by jurors March 28 of four counts, including failing to file tax returns in 2013 and 2014, making a false statement to the IRS, and failing to file a Report of Foreign Bank and Financial Accounts, or FBAR. Jurors couldn’t reach a verdict on nine other counts and acquitted him on ...

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