Criminal case on deceiving interest-holders on $11.7m initiated
The figurant became the general director of the company, which raised funds for the construction of a residential complex.
The Schelkovskaya city Prosecutor's Office of the Moscow region initiated a criminal case against the firm, which raised the funds of co-investors for the construction of a residential complex. However, the company did not fulfill its obligations in the specified period, and only 20% of the residential complex was built on 700 million rubles ($11.7m) collected from interest holders, the press service of the regional Prosecutor's Office reported.
The release stresses that the money was received by the company's CEO before the state registration of equity participation agreements. According to the agreement, the construction that began in 2014 was to be completed in the fall of 2016.
The Prosecutor's Office forwarded the audit materials to the Investigative Committee, which initiated a criminal case against the director of a construction firm under part 1 of Art. 200.3 of the Criminal Code of the Russian Federation (Raising citizens' money for construction in violation of the requirements of the legislation on participation in the joint construction of large-scale apartment buildings).
In the post of the community We live in Shchelkovo with reference to the administration of the district it is stated that the case was initiated against the director of the construction company GT-TES Trubino.
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