A COURT in Shanghai meted out a nearly 700 million yuan (US$102.4 million) punishment to a Russian-controlled high-frequency trading firm for futures market manipulation Friday, drawing a line under one of the most high-profile cases of misconduct China blames for contributing to the 2015 stock market crash.

The verdict by the Shanghai No. 1 Intermediate People’s Court, posted on its official microblog, also involves a penalty to two executives of Yishidun International Trading Co.

The ruling comes at the end of a week in which U.S. index publisher MSCI agreed to include China’s domestic shares in its emerging market benchmark.

Malicious short-selling by domestic and foreign speculators have been largely blamed by the government for causing the market crisis that started in the summer of 2015.

Yishidun, based in China’s eastern city of Zhangjiagang, and controlled by Russian nationals Georgy Zarya and Anton Murashov, pocketed illegal gains worth 389 million yuan by frequently trading China’s index futures between June 1 and July 6, 2015, the Shanghai court said in a statement.

According to the verdict, Yishidun would be fined 300 million yuan, and its illegal gains would also be confiscated.

The court gave suspended sentences to Yishidun’s two executives, Gao Yan and Liang Zezhong, of three years and 2.5 years, respectively.

Jin Wenxian, an employee from a brokerage Yishidun used, received a sentence of five years.

In its battle against speculators during the market crisis, China netted journalists, senior executives in brokerages and even securities regulators. Other foreign funds punished included Citadel Securities, whose account in Shanghai managed by a unit was suspended by the government. (SD-Agencies)