A Russian student nicknamed the female Wolf of Wall Street has been arrested for a £116million tax scam after police spotted glamorous social media photos.

Anastasia Tsirenschikova, 22, now also pictured in jail, was one of five people arrested for allegedly moving nine billion rubles - £116,500million - into overseas tax havens from Russia.

The glitzy socialite's social media account is littered with pictures of her sipping expensive champagne, sunbathing in tropical locations and posing with luxury cars.

Anastasia Tsirenschikova, 22, is poses next to a foamy bath sipping a big glass of red wine

The suspected money launderer is pictured with a cub lion - one of the ultimate status symbols in Russia

The glamorous student enjoys a large glass of white wine and a big plate of oysters

Miss Tsirenschikova's Instagram account is full of the bikini-clad student at exotic resorts

In the most recent picture of her, the 22-year-old has been snapped in prison

Pictures she posted on social media showed an unbelievable lifestyle for a student which involved designer clothes, swanky restaurants and exotic holidays.

The stunning brunette was pictured sipping champagne while wearing an evening dress on a beach, stretching her long legs over the side of an open-topped car, sipping cocktails and eating oysters at a high class restaurant.

In one photograph, she was even seen cuddling a lion cub - one of the ultimate status symbols in Russia - but her most recent picture, showing her in custody, might give a better idea of her future prospects.

The leggy economics student sits in a huge bath with her as the jets blow bubbles towards her

Tsirenschikova, pictured here on the floor with dazzling heels, a second suspect called Gomma, a Panamanian man named as Ortis A, 25, and two other businessmen, 29 and 47, whose names have not been disclosed, allegedly helped thousands of businessmen illegally shift funds overseas

Wearing enormous heels, Anastasia Tsirenschikova drapes her legs over the door or a convertible Mercedes-Benz

In a full-length gown, the student poses with a drink on a pebbled beach with two grand candle holders behind her

The glamorous suspected criminal plays with her hair as she holds up a cocktail

Tsirenschikova, a second suspect called Gomma, a Panamanian man named as Ortis A, 25, and two other businessmen, 29 and 47, whose names have not been disclosed, allegedly helped thousands of businessmen illegally shift funds overseas.

They reportedly charged 2.5 percent in commission for their services which would have netted them an estimated 225million Rubles (£2.9million).

The money was moved through a number of accounts in an attempt to throw the Russian financial authorities off the scent before the huge pot ended up offshore.

Tsirenschikova reportedly told police that she met Gomma through a female friend and had no business dealings with him, but later partially admitted her guilt, according to local media.

She was shortly due to graduate from the Plekhanov Russian University of Economics in Moscow.

Police also revealed that they found cocaine in her flat.