Lipetsk deputy busted on apartment fraud
According to the investigation, Mikhail Zakharov stole money from equity holders.
The Investigative Committee in the Lipetsk region has initiated a case of Swindling on an Especially Large Scale (part 4 of Art. 159 of the Russian Criminal Code) against deputy of the regional council and Head of the construction holding OAO SU-5, Mikhail Zakharov.
According to the investigation, the MP, who also headed the company’s supervisory board, colluded with one of the managers of the affiliated company and stole funds of real estate investors of houses number 8, 9, and 10 in 32-33 microdistricts of Lipetsk, as well as from buyers of other residential premises.
It was found that the money was withdrawn to third-party accounts through loan agreements in the period from spring of 2014 to autumn of 2016. In total, the company lost more than 70 million rubles ($1 million). As the ICR explained, Mikhail Zakharov is currely abroad, therefore, he will be first put on the federal wanted list, and then on the international.
The second defendant in the case is former Sergey Tonkikh, director general of Eksstroymash OJSC, which is part of the group. A case of swindling has already been initiated against him. In late January, the ICR reported that due to the director general’s actions, a number of apartment houses in the Evropeysky microdistrict were not commissioned in time and “remain in varying degrees of readiness.”
More than 1.7 thousand defrauded co-investors have been recognized as victims in the criminal case; the company's assets worth about 200 million rubles have been sequestrated.