Ex-head of Russian Author's Society released on parole

Ex-head of Russian Author's Society released on parole
Sergey Fedotov

Now Sergey Fedotov should report to the police monthly.

The Ryazan Regional Court made a decision to release former head of the Russian Author's Society (RAS) Sergey Fedotov on parole. The press service of court reports about it.

Thus the regional court confirmed the decision of subordinate instance, not satisfying a protest of the dissatisfied party. It is noted that Fedotov should report to the police monthly, he is forbidden to change his place of residence.

To recall, the former head of Russian Author's Society has received one and a half years for embezzlement of RAS property worth 300 million rubles ($5 million).

It is established that, being the RAS head, Fedotov suggested members of the council to create Service and Operational Company CJSC and to transfer four rooms in the center of Moscow to fixed assets of the firm. The council coordinated creation of the society. However in a year the property was removed from balance of the closed joint stock company under false contracts.

During the investigation Fedotov admitted his guilt and indemnified loss of more than 170 million rubles ($2.8 million). Nevertheless, on Monday, December 5, the court arrested property and accounts of the RAS former head worth 300 million rubles ($5 million). 



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