“The Investigative Administration of the Internal Affairs Administration for the Central Administrative district of MIA GA for Moscow jointly with the Russian MIA General Administration for Economic Security and Combatting the Corruption uncovered a scheme of embezzling money at a Moscow lending and financial institution,” reported the Russian MIA official representative Irina Volk.

As established, the accomplices acting on behalf of five individuals furnished the bank with documents containing deliberate misrepresentations, and bank employees approved loans to about 500 million rubles based on these misrepresentations. The perpetrators used the received funds at their own discretion.

Based on materials of the investigation conducted by officers of the Russian MIA General Administration for Economic Security and Combatting the Corruption and the investigative office of the Investigative Administration of Internal Affairs Administration for the Central Administrative district of the MIA GA for Moscow, a criminal case was opened on an offence under Article 159 of the Criminal Code of the Russian Federation.

On suspicion of the embezzlement, a founder and co-founder of two commercial organizations was detained.

At the moment, he is placed under a house arrest as the preventive measure.

The investigation of this criminal case is ongoing,” reported the Russian MIA official representative Irina Volk.