St. Petersburg leaves Baltic Plant head’s acquittal in effect

St. Petersburg leaves Baltic Plant head’s acquittal in effect
Andrey Fomichev

Andrey Fomichev was accused of deliberate bankruptcy of a shipbuilding enterprise.

The City Court of St. Petersburg on November 14 upheld the acquittal of former general director of shipbuilding Baltic Plant Andrey Fomichev, RIA Novosti reported. Fomichev was accused of deliberate bankruptcy of the plant, the damage from which amounted to 5.5 billion rubles ($92 m).

In April, the Vasileostrovsky District Court acquitted Fomichev in a criminal case on deliberate bankruptcy. According to the court, there was no crime in the actions of the former head of the enterprise. He was left the right for rehabilitation.

Representatives of Baltic Plant filed an appeal against the acquittal of Fomichev to the Vasileostrovsky court. Also, the appellate representation in court was filed by the prosecutor's office of the Central District of St. Petersburg. The prosecutor's office demanded that the verdict be rescinded and the case passed for a new trial because of the discrepancy between the court's conclusions and the circumstances of the criminal case and significant violations of the criminal procedure law. The representative of Baltic Plant disagreed with the conclusions about the absence of crime in the former head‘s actions and the refusal to satisfy the civil claim. Nevertheless, the city court of St. Petersburg left the verdict unchanged.

The criminal case against Fomichev was taken to court in the spring of 2015. According to the investigation, from October 2008 to November 2011, being the head of the plant, he received 2 billion rubles ($33.4 m) on the company's account. After that, the investigators say, he transferred 1.6 billion ($26.7 m) to the account of ZAO Mezhprombank. According to the contract, he could withdraw the money before the end of its action.

However, after the expiration of the deposit Fomichev did not return the money to the disposal of the plant. At the same time, the head concluded loan agreements with several banks. After Mezhprombank’s license was revoked, the possibility of a refund was lost, as a result of which the enterprise received damages of more than 5.5 billion rubles ($92 m).

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