Russian defense company investigated over embezzlement October 25, 2012 - 14:06 AMT PanARMENIAN.Net - Russian Defense Ministry property management company is under investigation for alleged embezzlement of up to $100 million, by selling off properties at below market value, Investigative Committee spokesman Vladimir Markin said on Thursday, Oct 25, RIA Novosti reported. Managers in the Defense Ministry’s property services holding company Oboronservis also used ministry funds to renovate some of the most lucrative properties, and then illegally sold them or rented them out for commercial purposes. Some of the properties were in Moscow, which has some of Europe’s most expensive real estate. The investigation has also uncovered instances of real estate and land plots in Russia's Krasnodar Territory being confiscated from state use, rented out, developed and sold for alleged personal gain, the spokesman said. Five criminal cases have been initiated in connection with the affair, which investigators estimate to have caused total losses of at least 3 billion rubles (almost $100 million). Defense Minister Anatoly Serdyukov has been informed of the investigation and arrived at one of the locations being searched, law enforcement sources said.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Armenian, Saudi Foreign Minister meet in Riyadh  The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi ArabiaPashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”.U.S. doesn’t see Russia as contributing to peace in Caucasus Patel made the remarks when asked about the implications of Russia’s withdrawal of peacekeepers from Karabakh.Up to 1% cashback when shopping on Wildberries with IDBank cards IDBank is launching an exclusive campaign on Wildberries for online shopping enthusiasts. |
