MOSCOW, June 27 (RAPSI) – Prosecutors had asked the Tverskoy Moscow Court to sentence Alexander Yelkin, the former CEO of Slavyanka utility company, who stands charged with embezzlement of 118 million rubles ($1.8 million) he got as kick-backs from companies he controlled to 13 years in prison and a 500 million rubles ($7.7 million) fine, RAPSI learnt in the courtroom on Monday.

According to the prosecution, Yelkin’s fault was fully proven.

The fraud in the company came to light in relation to the 2012 investigation into Oboronservis, which revealed fraudulent activities carried out in the course of deals involving real estate, land and shares in Oboronservis. Totally, five criminal cases over damages exceeding 3 billion rubles ($46 million) were initiated as concerned this Defense Ministry company. No key figures of these cases have pleaded guilty.

Presently bankrupt Slavyanka company has been the largest utility company in Russia, which was established to manage and maintain specialized housing facilities and utilities owned by the Defense Ministry.