OWNERS OF LARGE RUSSIAN TRAVEL AGENCIES ACCUSED OF FRAUD
The Main Investigations Directorates of Russia’s Investigative Committee for Moscow and Saint-Petersburg has instituted criminal proceedings accusing the owners of travel agencies Labyrinth, Windrose World, Ideal-Tour and Neva of fraud, after they suspended their activities.
Investigators believe that the owners of the said companies, knowing about large unpaid bills to their partners and not being able to pay off their debts, continued to collect money from their clients, misleading them about their opportunities to organise tours. When partners refused to provide services to Russian tourists, the travel agencies announced the termination of their activities. As a result, tens of thousands of people were affected.
MANAGING DIRECTOR OF OIL COMPANY WILL FACE TRIAL FOR €200,000 COMMERCIAL BRIBERY CHARGES
On 6 August 2014 the Public Prosecutor’s Office of the Republic of Bashkortostan approved an indictment against the managing director of ZAO “Penzaneftesintez”, Yury Osadchev, and his former assistant, Igor Zakharov. They are accused of fraud and commercial bribery.
According to investigators, in 2009 ZAO “Penzaneftesintez” planned the construction of a Euro 1 billion oil refinery with residential infrastructure on the territory of Penza Region. Several months later, negotiations with LLC “SU-10” took place in Moscow during which the accused demanded €200,000 in exchange for nominating the company as the general contractor of the project and €3,000 allegedly for the organization of meetings with foreign investors.
Allegedly, upon receipt of monetary funds Y. Osadchev entered into the contract with LLC "SU-10" on behalf of ZAO “Penzaneftesintez”. The investigators believe that the funds were spent by the accused on their personal needs.