Regional law-enforcement agencies disclosed more gerrymandering behind the insolvency of Bogdanovich Porcelain Works while investigating the fraud-related case of the plant’s financial director. CEOs of two Yekaterinburg-based firms, for example, were found to have bribed the person responsible for property assessment in order to have fictitious assessment reports drawn up for them. Later on, this made it possible for the plant’s financial director to buy tons of scrap metal in the guise of top-of-the-range equipment (the damage done to the company was estimated at 23 million RUR). Eventually, the swindle made the company’s debts soar and brought the plant to insolvency.

The accused was detained at Koltsovo airport on May 2, 2007. The inquiry officers report they suspect him of stealing the company’s money.