MOSCOW, March 26 (RIA Novosti) – Police have prevented the embezzlement of over 350 million rubles’ ($11 million) worth of assets at state-run hi-tech corporation Russian Technologies (Rostech), the Interior Ministry said on Tuesday.
The police suspect retired police general Alexander Kalinin of using a premeditated bankruptcy scheme to seize assets belonging to a Rostech enterprise, the ministry said on its website.
“During the course of an investigative operation, the police obtained information that this scheme was aimed at illegally taking possession of the assets of GIGKhS (a mining and chemical raw materials research and development institute) that comprised 18 properties worth over 350 million rubles,” the ministry said in a statement.
A criminal case has been opened against Kalinin on charges of abuse of office and premeditated bankruptcy, and the suspect has been detained, the statement said.
According to the police, Kalinin, who headed GIGKhS from 2008 to 2010, signed contracts with controlled shell companies for consulting and renovation services worth 19 million rubles. Taking into account fictitious penalties and fines, the enterprise accumulated a debt of over 24 million rubles, and in December 2010 the suspect initiated bankruptcy proceedings for the institute.
The suspect, who previously held a senior post in the Interior Ministry’s central organization, also “used corrupt connections in the executive authorities to ensure the appointment of one of his accomplices as the enterprise’s bankruptcy administrator,” the statement said.
Rostech incorporates both defense and civilian producers, and the theft case is the latest episode in a string of high-profile scandals involving the Defense Ministry. A fraud involving the Oboronservis defense property agency led to the sacking of Defense Minister Anatoly Serdyukov last year.
