Deception by half: the developers received five years in prison

PHOTO : Mir24.tv / Marina Grekova

RUSSIA

Ural developers cheated investors of nearly 550 million rubles, received five years in a penal colony, transfers TV channel “MIR 24” with reference to RIA “Novosti”.

“Chkalovskiy district court of Yekaterinburg sentenced the man Bukin Vladimir, and Yuri Smirnyagin a sentence of five years of imprisonment with serving in a corrective colony of General regime”, – stated in the message of Prosecutor’s office of Sverdlovsk region.

According to the investigation, from February 2010 to October 2015, the company “Rubikon-Aero invest” conducted the construction of multi-storey apartment house on the street Shcherbakova in Yekaterinburg with the use of cash funds of shareholders. To attract money, financial Director and CEO sold all the planned apartments and four non-residential premises with a total value of approximately 782 million. At the same time on account of the developer has already received contracts equity RUR 387.8 million rubles. Part of the money was sent to firms not associated with the construction of the house.

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