Education fund ex-head detained in Odintsovo: suspected of large-scale embezzlement

Education fund ex-head detained in Odintsovo: suspected of large-scale embezzlement
Konstantin Mikhaylitsky

The damage from the actions of Konstantin Mikhaylitsky and his alleged accomplices is estimated at over 20 million rubles ($300.5 thousand).

The former Head of the non-profit organization Municipal Education Development Foundation New Urengoy City Konstantin Mikhaylitsky has been detainee in Odintsovo, Moscow region, in a case of large-scale embezzlement in the Yamalo-Nenets Autonomous Okrug (YNAO), reports Kommersant. A criminal case has been opened on Swindling on an especially large scale (part 4 of Art. 159 of the Criminal Code of the Russian Federation), which is investigated by the ICR and the central office of the Russian MIA.

Investigative and operational activities were carried out in Moscow, the Moscow, Oryol and Tyumen regions with the support of Rosgvardia’s special forces unit Zubr. Accounting documents, electronic data storage devices, draft records and other evidence were seized.

According to the investigation, the fraud with the funds of the foundation, which is currently in the process of liquidation, were committed in 2016–2017, when Mikhaylitsky was the Executive Director of the organization. Shortly before the closure, the fund began to take non-performing loans secured by its real estate in Novy Urengoy. The organization owned areas in several business centers in the city center, which were leased. After Mikhaylitsky failed to pay off the debts, the fund's property was put up for sale practically for a song, and then bought out by companies controlled by fraudsters. The damage from the fraudsters’ actions is estimated at 20 million rubles ($300.5 thousand).

Currently Mikhaylovsky was taken to YNAO. The investigation intends to petition for his arrest. The detainee does not admit his guilt and refuses to testify, referring to Art. 51 of the Constitution.

Earlier, Mikhailiksky was the Head of the state unitary enterprise Yamalgossnab, which worked in the framework of the northern shipment to YNAO, and also worked as a bankruptcy manager in Komi.

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