MOSCOW, June 10 (RAPSI) – The Moscow City Court on Tuesday said it extended the detention of Alexander Yelkin, former CEO of Slavyanka, who is charged with the misappropriation of 118 million rubles in an embezzlement case involving the Defense Ministry.
The court thus granted the motion to keep the suspect in custody, court spokesperson Ulyana Solopova told RIA Novosti.
Several people were arrested in late 2012 on embezzlement charges from Slavyanka, a subsidiary of the state run holding company, Oboronservis. Charges were brought against them shortly after the arrest. Yelkin is accused of misappropriating 118 million rubles, allegedly obtained as kickbacks from companies subordinate to Slavyanka.
The investigators established that the amounts had been transferred into these companies’ accounts in 2010-2012, and that Yelkin used the money at his own discretion.
The embezzlement at Slavyanka was revealed after the exposure of securities and property fraud at Oboronservis in October 2012. Five criminal cases were opened with total damages estimated at over 3 billion rubles.