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Moscow court to review sentence in Vostochny Cosmodrome embezzlement case

12:59 02/10/2018

MOSCOW, October 2 (RAPSI) – The Moscow City Court will review the merits of a lower court ruling, sentencing four defendants in a criminal case over embezzlement of 1.3 billion rubles ($19.8 million) to prison terms varying from 4.5 to 8 years, the press-service of the court has told RAPSI.

On February 21, the Simonovsky District Court of Moscow sentenced former CEO of Volga-Vyatka construction company (VVCC) Yevgeniya Degtyareva to 4.5 years in prison; her father Sergey Degtyarev, who is believed to be the real owner of the company, received an 8-year prison term; ex-VVCC managers Alexander Bazankov and Murat Matuyev were given 6 and 5.5 years in prison respectively.

Additionally, Degtyareva, Bazankov and Matuyev were fined 1 million rubles (about $15,200) each, and Sergey Degtyarev was fined 1.5 million rubles (about $22,900).

Investigators claimed that in 2014, managers of Volga-Vyatka construction company (VVCC), a subcontractor for construction of roads to Vostochny Cosmodrome, received 300 million rubles ($4.5 million) as a down payment and expend the money for purposes other than that intended. Moreover, they channeled the public money to affiliated firms and individuals at a charge. According to the indictment, the total damage caused by the defendants is estimated at over 1.3 billion rubles.

The construction of the space center, due to become Russia's main launch site, began in 2012. The first launch vehicle operation was carried out on April 28, 2016.

Dozens of cases over embezzlement during the construction of Vostochny Cosmodrome have been launched in several Russian regions.

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Moscow court to review sentence in Vostochny Cosmodrome embezzlement case

12:59 02/10/2018 The Moscow City Court will review the merits of a lower court ruling, sentencing four defendants in a criminal case over embezzlement of 1.3 billion rubles ($19.8 million) to prison terms varying from 4.5 to 8 years.
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