Pension Fund employees steal nearly $6m in North Ossetia

Pension Fund employees steal nearly $6m in North Ossetia
The scam required fabrication of 273 pension cases Photo: E. Razumny / Vedomosti

Workers of the state institution accrued pensions to non-existent people.

Officers of the Pension Fund in a region of North Ossetia-Alania stole more than 350 million rubles (nearly $6m).

According to the investigators of the Ministry of Internal Affairs of the region, employees of the state institution accrued pensions to non-existent people between January 2005 and March 2017. The scam required fabrication of 273 pension cases that were used for illegal payments to fictitious persons.

A criminal case has been opened for violation of part 4 of Art. 159 of the Criminal Code (Swindling). Law enforcers do not disclose the names of the suspects, saying they will be convicted soon. The investigators also said: "investigative and operational measures are being carried out to establish all the people involved in the unlawful acts."

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