“Investigators of the Russian MIA Division for the Donskoy District of Moscow accomplished the investigation of the criminal case against the former executive of an investment cooperative of Moscow accused of having stolen money from over 250 citizens,” said Russian MIA official representative Irina Volk.
The investigation established that the defendant together with his two accomplices, acting on behalf of the investment cooperative and knowing about the absence of high-yield sources, had concluded loan agreements with the victims. The malefactors had promised the customers to annually pay them from 36 up to 72 percent of the contributed amounts. Besides, they had stipulated a clause about the borrower's right to transfer the ownership to a land plot to the lender as collateral for the obligation to repay the loan and interest. However, the malefactors had not had an actual opportunity to fulfill the undertaken liabilities.
The overall damage inflicted by the suspects' unlawful activities had exceeded 143 million rubles.
The authorities initiated a criminal case on that fact based on essential elements of a crime stipulated by Article 159 “Fraud” of the Criminal Code of the Russian Federation.
By now, the criminal case against the ex-executive of the cooperative has been forwarded to the Simonovsky District Court of Moscow for consideration on the merits. The criminal case against his two accomplices was forwarded to the court earlier.
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