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MIL OSI Translation. Region: Russia –

Source: Russia – Prosecutor Generals Office

The Prosecutor’s office of Volgograd has approved the indictment on criminal case initiated on the basis of materials of public Prosecutor’s check, in respect of the founder of a construction company. He is accused of committing two episodes of a crime under part 4 St. 159 criminal code (fraud committed in especially large size).According to investigators, in February 2016, the developer is erected with the funds of citizens of the apartment building concluded with the construction company the contract of participation in shared construction of housing.Under the terms of this agreement, the developer gave the firm the right to a one-bedroom apartment in a newly built house worth more than 2.7 million rubles, and the firm had to put on the constructed object construction materials by the specified amount. However your firm obligation is not fulfilled, and the rights to the apartment in March 2017 ceded to a third party.Similarly, the firm took possession of two apartments in another under construction with attraction of means of citizens shareholders tenement house with a total value of more than 4.8 million rubles. Payment for this property was made, and the apartments re-issued to relatives of the founder of the company.Non-firm commitments for the supply of building materials has become one of the causes of violation of the terms of the construction of these houses, which resulted in violations of the rights of citizens – participants of shared construction.Currently, the transaction is terminated, rights to the apartment returned to the developers.Criminal case is directed the public Prosecutor of the Volgograd Central district court of Volgograd for consideration on the merits.This and other news can be found on the information and communication service of the Prosecutor General of the Russian Federation “ETHER” at:


EDITOR’S NOTE: This article is a translation from Russian Language to English.

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