MOSCOW, July 23 (RAPSI) – Businessman Stanislav Kyuner on Thursday received 8 years in high-security prison for embezzlement of over one billion rubles (about $15 million) during construction and reconstruction of the presidential residence in Novo-Ogaryevo near Moscow, the Moscow City Court’s press service told RAPSI.
The case was heard behind closed doors because of top secrecy.
Other defendants in the case are ex-chief of the state-run company Atecks Andrey Kaminov and ex-head of Stroyfacade company Dmitry Torchinsky.
According to investigators, the defendants have organized a criminal group to commit large-scale embezzlement.
Investigators believe that the alleged criminals embezzled state funds allocated for the execution of various construction projects of federal importance. Damage caused is estimated at around 225 million rubles (about $3.2 million) and was later raised up to over 1.3 billion rubles ($18 million).