Money laundering scheme revealed at Russian Space Systems structure

Money laundering scheme revealed at Russian Space Systems structure

According to preliminary estimates, the amount of damage as a result of illegal financial transactions is about 300 million rubles ($5.2m).

Igor Krylov, the Deputy Director of the Rocket and Space Instrument Engineering Plant (RKS structure), was detained upon swindling case. He is imprisoned.

As Rosbalt reports referring to its sources, the investigative actions began in 2016. Law enforcers first discovered 'laundering' firms, through which large amounts were siphoned off. The case was initiated under the article Illegal Banking Activities (Article 172 of the Criminal Code of the Russian Federation). The threads have led to companies that fulfill the orders of state-owned companies in the rocket industry. The 4th department of the Ministry of Internal Affairs, which is engaged in the detection of crimes at special facilities, including enterprises related to space, became the part of investigation team. The offices of RKS and RSC Energia contractors, as well as directly Russian Space Systems JSC, were searched. Later, searches were carried out at the plant of rocket and space instrument making, after which Krylov was detained. He charges with Embezzlement on an especially large scale (part 4 of Article 159 of the Criminal Code of the Russian Federation). In March, his arrest was extended for another three months.

According to the investigation, the RKS and RSC Energia paid for the work of partner firms, but to receive budget funds, they had to return the part in the form of a rollback. For this, contractors transferred money to the accounts of one-day firms. Further, this money was cashed in by special couriers.

Having ascertained the whole flow of money, the operatives detained a couriers, who had come for money, marked with a special liquid. Subsequently, some managers of one-day firms, through which they laundered and cashed in money received under contracts with RKS and RSC Energia, began to cooperate with the investigation.

According to preliminary estimates, the amount of damage as a result of illegal financial transactions is about 300 million rubles ($5.2m).

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