Executives of aircraft interior equipment producer to stay detained in embezzlement case
MOSCOW, September 23 (RAPSI) – The Moscow City Court on Monday upheld extension of detention of CEO of VEMINA Aviaprestige industrial holding Vitaly Romanyuk and the enterprise’s executive director Sergey Davydov in a large-scale embezzlement case, up to a year, until October 10, RAPSI reported from the courtroom.
The appeals instance thus refused to place the defendants under house arrest as was requested by their defense.
One more defendant in the case is a vice-president of the United Aircraft Corporation.
Reportedly, the men are charged with embezzlement of 174 million rubles of budget funds. They could face up to 10 years if convicted. The defendants are currently reading case papers before approving the indictment.
VEMINA Aviaprestige is Russia’s leader in development, producing, installation of components and equipment for aircraft interiors. Since 2000, the company has created innovative interior technologies and has penetrated them into civil aviation.