MOSCOW, November 16 (RAPSI) - Police searched the Moscow office of state-owned technology company Rusnano, the company announced on Wednesday.

Rusnano Communications Managing Director Alexey Firsov said that the searches are not linked to a bribery case against former Economy Minister Alexey Ulyukayev.

According to the company’s statement, investigation into one of the Rusnano managers may be connected with the hold-up in the construction of NTpharma pharmaceutical complex in Pereslavl'-Zalessky, 150 kilometers (85 miles) northeast of Moscow.

The project aiming at production of new generation vaccines (nanovaccines and biological products) is expected to be opened in 2017.

The corporation began to invest in the complex construction in 2009 along with a pool with private co-owners. Rusnano owns 49 per cent of the project shares, the company said.

Throughout this project the company’s partners ran into difficulties related to payment schedule and following that Rusnano suspended its investment. However, a new private investor took up 35.5 per cent of shares last year and Rusnano restored funding for the project, according to the statement.

The corporation stated that all Rusnano actions underwent legal review and were checked by security service; strategic decisions were affirmed by the Board of Directors.

By now, the construction is completed but behind predicated schedule.

Rusnano provides all necessary information to investigators and is interested in constructive cooperation, the statement reads.