Moscow region: CEO scums investors for $11mln, prosecutors open criminal case
The case was opened against the CEO of the company that gathered money for the project.
The Shchelkovsky Public Prosecutors’ Office (Moscow Region) opened the criminal case against the company that gathered money for the project; the company failed to perform under the contract on time. The project was only 20% complete when the company ran out of the 700 million rubles they had been paid to build the houses, according to the Office of Public Affairs of the Public Prosecutors’ Office.
The CEO received the money even before he executed co-investment contracts, the Office of Public Affairs emphasized. The project which implementation had begun in 2014 should have been complete by fall of 2016, according to the contract.
The Public Prosecutors’ Office referred a ran inspection report to the Russian Investigative Committee. The latter opened the criminal case against the company for violation of article 200.3, part 1 (Gathering Investments for Construction in a Manner that Violates the Russian Federation Law on Participation in Shared-Equity Construction of Apartment Houses on a Large Scale) of the Russian Criminal Code.The case was opened against the GT-TES Trubino Construction Company CEO, according to the district administration, as quoted by the My Zhivem v Shchelkovo ('We live in Shchelkovo') community on vk.com.
Ismail Efendiev is suspected of exceeding authority in connection with the investigation of cases of detained earlier former First Deputy Prime Minister Ramazan Aliyev and nephew of the former head of Dagestan Askhabali Abdulatipov. Searches are being conducted at Efendiev's office and house.
The disappearance of an elderly Muscovite, who owns three rooms on Ostozhenka Street, and her disabled son, worried the neighbors, but the police refused to initiate criminal proceedings on their application. Housing in the elite area of the capital in the meantime was re-registered to a resident of St. Petersburg, who introduced herself as their relative.