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MIL OSI Translation. Region: Russian Federation –

The Yakutsk City Court of the Republic of Sakha (Yakutia) issued a verdict in a criminal case against the General Director of Monolit-Stroy LLC. He was found guilty of committing a crime under Part 2 of Art. 201 of the Criminal Code of the Russian Federation (abuse of the powers of a person performing managerial functions in a commercial organization, resulting in grave consequences).

The court, taking into account the evidence presented by the public prosecutor, established that from 2014 to 2018 the defendant used the funds raised from the participants in the shared housing construction not for the construction of the facility, but for other purposes, including the payment of the obligations of the organizations under his control, the repayment of loans and borrowings other. The amount of inappropriate spending amounted to about 100 million rubles.

As a result of these actions, the construction of an object – an apartment building was not completed, which entailed damage to 117 victims, violation of their rights. The developer has gone bankrupt.

The court sentenced the general director of Monolit-Stroy LLC to 3 years of imprisonment in a general regime penal colony. In addition, he was deprived of the right to engage in organizational, administrative and administrative activities in commercial organizations for 2 years. The convict was taken into custody in the courtroom.

The verdict did not come into legal force.

This and other news can be found on the information and communication service of the General Prosecutor’s Office of the Russian Federation “EFIR” at: air.General

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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