Cyprus extradites runaway housing association head to Russia

Cyprus extradites runaway housing association head to Russia

Valery Denisov and two accessories of his stole money from 99 Ufa residents and left them without housing. He bought himself a house on an island with the money.

Valery Denisov and two accessories of his stole money from 99 Ufa residents and left them without housing. He bought himself a house on an island with the money.

Cyprus has extradited Ufa resident Valery Denisov accused of stealing 307 million rubles ($5.36 million), according to the press service of the Prosecutor General’s Office.

Being the housing association head between October 2009 and February 2015, Denisov and his accessories stole the money from residents of an Ufa apartment house, according to the office.

The Russian police met the Russian citizen arrested by the Cyprus police in the Larnaca International Airport, according to Russian MIA spokesperson Irina Volk.

Denisov was charged with violation of articles 159, part 4 (Swindling committed by an organized group or by a person through his official position or on an especially large scale) and 174.1, part 4, item b (Transactions and other bargains involving illegally acquired money on an especially large scale) of the Russian Criminal Code.

65-year-old Denisov was a Duslyk-Stroy Utility Services Company manager, according to Bashinform. He was reported to hide in Cyprus in early 2017. He was also reported to have bought a house on the stolen money.

Denisov was put on the wanted list. The Cyprus police arrested him in April. The Republic of Bashkortostan Public Prosecutors’ Office approved an indictment against 36-year-old Razif Abdrashitov and 38-year-old Andrey Chebotaev the same month. Being the Duslyk-Stroy Chairman of the Board, Abdrashitov decided he and EnergoTekhStroy CEO Chebotaev would be the investor and the customer for construction of the downtown apartment house, according to investigators.

The defendants signed sales contracts with the investors for 99 apartments despite the construction project providing for only 65 apartments. The contracts are worth more than 307 million rubles. The defendants were not going to perform under the contracts and spent the money on themselves, which included buying executive cars.

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