The police detained several leaders of the large metallurgical enterprises, on suspicion of theft of more than $65 million in one of the Russian banks, has informed the Ministry of internal Affairs in Moscow. We are talking about the criminal case against the Volgograd metallurgical plant “Red October” Moscow and CJSC “Russpetsstal”, reports RIA Novosti citing a source.
“Russpetsstal” was created in 2007 to consolidate metallurgical assets, which produce special steels for the military-industrial complex, automobile industry and aviation. The holding included in the state Corporation “rosteh” (then known as “Russian technologies”) acquired three assets, including one of Russia’s largest plants producing special steels — Volgograd metallurgical plant “Red October”. 100% of actions “red October” the holding company sold the offshore Midland Steel Industries, owned by businessmen Alexander Schneider and Eduard Shifrin, the amount of the transaction amounted to $65.5 million, although the auditors assessed the plant at $161 million, wrote “Vedomosti” with reference to a former employee “Russpetsstali”. The publication noted that the money the company received a loan under the pledge of shares of “red October” in VTB Bank Europe (now VTB Capital) and 24.9% of the shares “Russpetsstali” plus the right to export products of the “red October”. In 2010 “Russpetsstal” has submitted on own bankruptcy.
The message GU the Ministry of internal Affairs in Moscow it follows that in the case of the theft of $65 million and arrested three suspects, and investigative actions and operational-search activities took place in Volgograd, Samara and Orenburg regions, Moscow and Moscow region. The name of the company, which employed detainees, the police did not disclose, saying only that it is a “big metallurgical enterprise, responsible for the management of financial industrial groups and holding companies”.
According to the investigation, in 2007, top managers of the company under the pretext of working capital has concluded a loan agreement in the amount of $80 million with the Russian Bank, whose name in the Ministry of internal Affairs also did not specify. The loans were 100% of the shares of one of the plants owned by steel company. As established investigators, the defendants were transferred to the affiliated accounts over $65 million received under the agreement the first tranche, and then distributed the money among themselves. In may 2009, the shareholders ‘ meeting decided about the dispossession of the plant, whose shares were mortgaged, property for the sum about 2 billion roubles in favour of a specially created organization, the report says GU MVD in Moscow. Criminal case was opened under part 4 of article 160 of the Criminal code (misappropriation or embezzlement).
Earlier Thursday, TASS citing a source in law enforcement bodies reported that six top managers of the metallurgical plant “Red October” in Volgograd detained on suspicion of embezzling tens of millions of dollars. On 4 April the Volgograd office of public Prosecutor on supervision of execution of laws on especially regime objects has reported that “Red October” and LLC “Volgograd VGTZ engineering company” violated the terms of delivery of products under the state defense order.