Former Arkhyz mineral water company owner placed under house arrest
The Tverskoy District Court of Moscow placed former Arkhyz mineral water producing company owner and Visma Group of Companies beneficiary Valery Gegyugov arrested on suspicion of swindling under house arrest.
The Court placed Gegyugov under house arrest for 2 months, according to the RBC Information Agency.
The former owner of the company declared bankrupt in February was arrested by employees of the General Administration for Economic Security and Combatting the Corruption of the MIA of the Russian Federation in the framework of a criminal case concerned with Visma stealing about 2 billion rubles worth of loans from Sberbank of Russia.
The criminal case was opened against a group of unknown people for violation of article 159.1, part 4 (“Loan Swindling on an Especially Large Scale”) of the Criminal Code of the Russian Federation in late March. Valery Gegyugov became the first and only defendant on April 7.
Knowingly fraudulent information about the loan purpose and its repayment was submitted to the bank when receiving the loans, according to the investigation. The fraudulent information was based on fraudulent financial reports of subsidiaries of the Group of Companies.