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Russian authorities conduct searches in major real estate developer’s office

15:24 18/05/2017

MOSCOW, May 18 (RAPSI) – Russian investigators have conducted searches at the office of PIK Group real estate developer in relation to actions of unidentified managers of the Dinamo sport society, charged with abuse of office, RIA Novosti reported on Thursday citing the developer’s press-service.

According to press service of PIK Group, suspects are allegedly involved in causing damage to the sport society. The developer company’s representative noted that PIK Group had cooperated with investigators and provided them with all required documents.

A criminal case over damaging of property belonging to the Moscow city branch of the Dinamo sport society was launched on February 13.

PIK Group founded in 1994 is one of the leading Russian real estate developers responsible for construction of 16 million square meters of housing (more than 270,000 apartments). In 2017, PIK Group plans to bring additional 2 million to the market and sell 2.5 million.

The company is on the list of strategic enterprises of the Russian economy, PIK Group’s website reads.

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Russian authorities conduct searches in major real estate developer’s office

15:24 18/05/2017 Russian investigators have conducted searches at the office of PIK Group real estate developer in relation to actions of unidentified managers of the Dinamo sport society, charged with abuse of office.
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