Senior executive of Rolf car dealer faces house arrest
MOSCOW, June 28 (RAPSI) - Russia's Investigative Committee has asked Moscow’s court to place Anatoly Kairo, the director of the development department of the major car dealer Rolf, under house arrest.
Kairo along with a number of others managers of Rolf car dealership are suspected of transferring 4 billion rubles (about $63 million) to a Cyprus-registered company using fake documents, according to the Investigative Committee’s statement.
Sergey Petrov, the founder of the car dealer and former member of parliament, is also among suspects in a criminal case.
Investigators claim that Petrov, who was deemed to be the owner of Rolf and Rolf Estate, as well as Cyprus-registered Panabel Ltd., conspired with the top managers of these companies to siphon the money received from the business activities of the car dealer.
In order to conceal the scheme, the suspects arranged a false agreement aimed at selling a stock of shares of Rolf Estate by Panabel Ltd. at inflated price of 4 billion rubles, according to investigators.
The money was transferred to the Panabel Ltd. bank account in Austria and later through vehicles controlled by Petrov dissipated.
Petrov says that the raid on his car sales offices in Moscow and St. Petersburg is aimed at seizing control of the business.