Russian police detain official over $300mln embezzlement December 25, 2012 - 16:59 AMT PanARMENIAN.Net - Police have detained a former director of the Federal Property Management Agency for the Moscow region on suspicion of involvement in the embezzlement of state property worth more than 10 billion rubles (about $300 million), the Interior Ministry said on Tuesday, Dec 25, without naming the suspect. According to RIA Novosti, the case involves the illegal seizure and sell-off of over 100 state-owned real estate properties. Other suspects in the case include bank officials, arbitration court representatives, state property managers, and commercial company representatives. The criminals used a sophisticated multistage scheme to take control of a state firm, bring in its own managers, bankrupt the company, take it over and then sell it, the ministry said.   Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. 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".   Partner news |  Latest news Ameriabank's Trade Finance portfolio enriched with four prestigious awards from EBRD and IFC  Ameriabank received the awards from international financial institutions in recognition of its trade finance operations.Armenian Economy Minister to make trip to UAE May 20-22 A delegation led by Minister of Economy Gevorg Papoyan will travel to the UAE capital of Abu Dhabi on May 20-22Armenia Security Council chief traveling to Qatar Secretary of the Security Council of Armenia Armen Grigoryan will travel on a working visit to Qatar.Pillars installed in Armenian border village of Kirants In the Armenian village of Kirants, three border markers have been installed, and border guards stand next to them. |
