Polonsky convicted and released due to expiration of the statute of limitations
Sergey Polonsky and his two accomplices were found guilty of swindling and sentenced to terms ranging from 2 to 5 years, but eventually they were released in connection with the expiration of the statute of limitations of the crime.
The Presnensky Court of Moscow found businessman Sergey Polonsky guilty of Swindling (part 4 of Art. 159 of the Criminal Code). The developer and two of his accomplices stole 2.6 billion rubles ($42.8m) in the construction of residential complex Kutuzovskaya Milya and settlement Rublyovskaya Riviera. The Investigative Committee estimated the damage caused at 5.7 billion rubles ($94m). The prosecution asked for 8 years of imprisonment for Polonsky with a fine of 900 thousand rubles ($14.8 thousand).
As a result, the court sentenced Polonsky just to 5 years in prison. However, he was released in the courtroom in connection with the expiration of the statute of limitations of the crime committed. In January 2017 after the argument with the judge Polonsky was removed from the courtroom until the end of the process for breach of order.
His accomplices - ex-Head of the Financial Department of the construction company Alexander Paperno and CEO of Avanta LLC Alexey Pronyakin were also found guilty. The court sentenced them to 3 and 2 years of imprisonment respectively and also released from punishment due to the expiration of the statute of limitations.
None of the convicts admitted their guilt, they asked for acquittal, and Sergey Polonsky announced his readiness to return money to the co-investors or complete building of the apartments. The construction of residential complex Kutuzovskaya Milya is conducted on the basis of a contract between general investor of the project FTSSR CJSC (Federal Center for Social Development) and the government of Moscow as of 2002. In 2005 Avanta LLC, a member of corporation Mirax Group, was involved in the project as an investor. In 2011, according to Polonsky, representatives of the Federal Center for Social Development tried to seize control over the construction. The conflict actually froze the construction. In 2012 criminal cases were opened on the initiative of co-investors. Polonsky was put on the international wanted list. The official charge was brought against him in June 2013. In May 2015 the Cambodian authorities deported the businessman to Moscow through Vietnam. At present, the FTSSR completes building Kutuzovskaya Milya independently.