Entrepreneur suspected of $1.9m-theft from Defense Ministry jailed for 2 years
The convict pleaded guilty and partially indemnified the damage caused.
The Tushinsky District Court of Moscow sentenced the founder and CEO of Modul-Service LLC to two years in a general regime colony; he was found guilty of embezzling 131 million rubles ($1.9m) allocated by the Ministry of Defense for the purchase of communications equipment. This was reported in the Main Military Prosecutor's Office.
The trial was held in a special order, without examining the evidence, since the convict pleaded guilty and signed a deal with the investigation. The entrepreneur reimbursed the part of the damage caused. Prosecutors revealed frauds with budget money.
The Director General of the Modul-Service company is found guilty of Swindling on a large scale as part of an organized group using his official position (Article 159 of the Criminal Code of the Russian Federation). The verdict can be appealed.