Shady schemes of Mr Polonsky, the developer
Mr Polonsky is under criminal investigation on the allegation of a large-scale swindling concerned with Mirax Group’s construction project for the Kutuzovskaya Milya multi-purpose apartment compound.
The Group management stole 3.2 billion rubles from the investors, according to the investigators. The compound has never been commissioned; it became the largest Moscow suspended construction project.
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.