Ex-owner of one of major Russian insurers prosecuted
The suspect is living abroad, he is charged with the theft of about 70 million rubles ($1m).
The Ministry of Internal Affairs initiates a criminal case over the theft of about 70 million rubles from the Crimean insurance company Vektor by its beneficiary Alexander Kondratenkov, Kommersant writes. The suspect is living abroad, and the investigating authorities intend to put him on the international wanted list, the press service of the Ministry of Internal Affairs. The case is launched under Embezzlement (part 4 of Article 160 of the Criminal Code of the Russian Federation).
In the summer of 2016, Kondratenkov realized that Vektor, which was registered in Simferopol, would soon be deprived of a license to carry out insurance activities, and withdrew money from the organization’s accounts – he allegedly paid the authorized share of CapitalDirect, which had left the board. The company transferred more than 67 million rubles, which then were distributed to the accounts of some shell companies.
In the media, Kondratenkov was repeatedly called the shareholder of the Respect holding, which had lost its license; the company joined the top 25 insurers rating in terms of fees. The investigation checks the activities of the companies that founded the holding. All structures associated with Kondratenkov are deprived of licenses.