MIA terminates case against businessman Zingarevich
The entrepreneur was accused of misusing loans by Globex and MTS Bank.
The criminal case against a former shareholder of English football club Reading and the owner of Energostroyinvest-holding Group of Companies Anton Zingarevich and the holding director general Konstantin Shishkin has been terminated. This is reported by RBC referring to the relevant decision of the Investigative Department of the Ministry of Internal Affairs.
The document is dated December 28 last year and signed by Deputy Head of the Investigative Department of the Ministry of Internal Affairs Aleksandr Krakov. Both were charged with part 4 of Art. 159.1 of the Russian Criminal Code (Credit Fraud).
The investigation believed that in December 2013, Shishkin applied for a loan of 1.5 billion rubles ($22.6 million) from the Globex bank on instructions from Zingarevich. The loan was aimed at addressing the needs of Novaya Inzhiniringovaya Kompaniya (the New Engineering Company, NIK), which was part of Energostroyinvest-holding. It was assumed that the funds will be used to purchase materials and equipment for the construction of the Beloberezhskaya substation in the Bryansk region.
At the same time, NIK actually had funds for the construction of the substation, as it had previously borrowed from the Bank of Moscow for this purpose. No additional funding was required, the Ministry of Internal Affairs believes.
In reality, the money was spent to repay other loansю In April 2015, when NIK stopped paying Globex interest on the loan, the bank sent it a request for a full loan repayment, which the company ignored.
A month later, NIK was declared bankrupt. After verifying the company management activity, the investigation initiated a case against Shishkin, who signed the loan application. In July 2016, Zingarevich also became a defendant in the case; Shishkin acted under his leadership, the investigation believed. Zingarevich was put on the international wanted list and arrested in absentia. Shishkin was placed under house arrest for the time of the investigation. After that, he was sentenced to 4 years in a colony, but the sentence was later vacated, and the case was referred for reconsideration and then terminated.
The Moscow City Court decided that the facts established by the police are not enough to conclude that Shishkin had committed a crime. The use of credit money did not correspond to the stated purpose, however, one way or another they were involved in the economic activities of companies, the explanatory document says.