The public prosecution authorities of Ural Federal District and the investigative forces of the Russian Federation Ministry of Internal Affairs revealed the crimes committed by Sergey Nastin, the director of state-owned Electrohimpribor (based in Lesnoy, Sverdlovsk Region) and placed his case with the court, charging Mr. Nastin with abuse of power driven by lucrative impulses.

The inquiry team revealed that on behalf of the enterprise he was running, Mr. Nastin signed a fictitious agreement regarding information services allegedly provided by a supposititious company. According to this agreement, 1.4 million RUR had to be transferred into this ephemeral company’s account. This money was later cashed in a few Moscow banks.

In order to conceal this theft, the director provided the accounting department with a sample report taken from an online textbook located in a public domain.

To make matters worse, even though the company had a few million rubles worth of debt in terms of taxes of all kinds, the director had repeatedly signed disadvantageous agreements in order to make his own profit, which resulted in another 4.8 million RUR worth of damage to the state.

The case was processed by the court of Lesnoy on July 3, 2007; based on the evidence provided by the prosecution, Mr. Nastin was found guilty of abuse of power and will have to pay a 300,000-ruble fine. In addition, he will never again be employed as an executive by either a state or a profit-making company. Mr. Nastin will also have to pay 6.2 million RUR back to the state to make up for the damage he’s done.