Former Minister of North Ossetia sold state property 16 times cheaper than real price to relative
The ex-minister is charged with abuse of authority.
The former Deputy Minister of State Property and Land Relations of North Ossetia is accused of abuse of authority and negligence. According to the investigation, the official had sold the state-owned land to his sister on 16 times cheaper price than market value.
Investigators believed that the ex-Minister and his sister entered into a lease of state land, area of about 300 hectares in Vladikavkaz, for 49 years on March 5, 2010. Three years later, the official decree on the sale of these territories to his sister for 6 million rubles, although the real cost of the land is more than 100 million rubles.
At the moment, the former Deputy Minister is under house arrest.
The prosecutors want the former Russian Federation Council member to go to prison for 14 years instead of 9 and pay a 500-million-ruble ($8.8 million) fine instead of 70 million rubles ($1.2 million).