Bank VEFK-Ural Chair involved in criminal suit
17 August 2009 (13:09)
The district division of the Russian Federation Ministry of Internal Affairs keeps handling the criminal proceedings related to accusations of embezzling the Russian Federation Pension Fund’s money. The sum in question, namely, 955.8 million RUR, was deposited with Bank VEFK-Ural that has recently gone bust.
The main suspect is the bank’s Chair of the Supervisory Board Olga Chechushkova, who is now kept in detention. The damage done to the bank by her alleged self-interested offenses and financial frauds was estimated at 127 million RUR.
‘Our investigative efforts enabled us to detect that the accused managed to ‘employ’ her son at one of the bank’s outlets, so he was thus receiving a monthly salary even though he did not, in fact, perform any work duties. The son of the accused thus obtained over 200,000 RUR,’ the public prosecution authorities report.
The charges (embezzlement through abuse of power) are based on Article 160 (part 3) of the Russian Federation Criminal Code, so the punishment could be up to six years in prison.
The main suspect is the bank’s Chair of the Supervisory Board Olga Chechushkova, who is now kept in detention. The damage done to the bank by her alleged self-interested offenses and financial frauds was estimated at 127 million RUR.
‘Our investigative efforts enabled us to detect that the accused managed to ‘employ’ her son at one of the bank’s outlets, so he was thus receiving a monthly salary even though he did not, in fact, perform any work duties. The son of the accused thus obtained over 200,000 RUR,’ the public prosecution authorities report.
The charges (embezzlement through abuse of power) are based on Article 160 (part 3) of the Russian Federation Criminal Code, so the punishment could be up to six years in prison.
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