Former head of Kresty-2's general contractor arrested for embezzlement
The Petrogradsky District Court of St. Petersburg has arrested the former CEO of GSK OJSC Viktor Kudrin.
As reported by Interfax citing Kudrin's lawyer Natalya Belousova, former Director General of Generalnaya Stroitelnaya Kompaniya OJSC (GSK OJSC) Viktor Kudrin has been arrested by the Petrogradsky District Court of St. Petersburg as part of the embezzlement case.
"Viktor Kudrin has been arrested on the decision of the court," the defense said.
The CrimeRussia previously reported that a criminal case under part 4 of Art. 160 of the Russian Criminal Code (Embezzlement) had been initiated against Kudrin. According to investigation, the General Administration of the Federal Penitentiary Service of Russia in St. Petersburg and the Leningrad region and GSK OJSC concluded a state contract and supplementary agreements thereto for the period from 2007 to 2015 on the construction of a detention center in the town of Kolpino. The customer transferred to GSK’s settlement accounts more than 12 billion rubles as a payment for works in the terms stipulated by the contract. However, the works were not implemented. As a result, Kudrin embezzled over 56 million 645 thousand rubles (about $1 million).
Billionaire Viktor Vekselberg has repaid loans in the amount of $1 billion taken from the Western banks. Earlier, his Renova Group had received state support from Promsvyazbank. Renova representatives say they have repaid the loan with the company’s own funds.