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Defendants in GLONASS-M embezzlement case receive prison terms

11:59 21/12/2017

MOSCOW, December 21 (RAPSI, Yulia Glozman) – Four men have been convicted of embezzling about 400 million rubles (about $7 million) allocated for GLONASS-M satellite vehicles, the press service of Moscow’s Ostankinsky District Court has told RAPSI.

Top managers of companies Russian Space Systems and Mercury, Igor Krylov, Vitaly Tolmachev, Alexander Polyakov and Aleksey Diorditsa have been sentenced to prison terms ranging from 4 to 6 years.

As previously reported, the defendants have embezzled budget money under contracts concluded between Mercury company and Russian Space Systems for supplies of details for GLONASS-M satellites.

The Global Navigation Satellite System (Glonass), which was officially launched in 1993, is a Russian counterpart to the US Global Positioning System (GPS). It provides data for real-time positioning and speed of surface, sea and air objects to within an accuracy of one meter.

The GLIONASS program was initiated in the 1970s but underwent a radical revamp in 2001. The 24 satellites comprising the system were put into orbit by 2010, though only after several costly malfunctions and launch failures by carrier rockets. The program has cost 140 billion rubles ($2.4 billion) to date, and its budget for 2012-2020 stands at a further 326 billion rubles ($5.6 billion at the current exchange rate).

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Defendants in GLONASS-M embezzlement case receive prison terms

11:59 21/12/2017 Four men have been convicted of embezzling about 400 million rubles (about $7 million) allocated for GLONASS-M satellite vehicles.
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