Businesses to be saved, not let go bankrupt: prospects of Business Recovery CenterA working group on drafting legislative proposals facilitating the establishment of a Business Recovery Center has held its first meeting in the framework of an initiative launched by member of the Federation Council, the upper house of Russia’s Parliament, Maxim Kavdzharadze in 2019.11:59 05.03.2020
Arrest warrant issued in absentia for wanted top manager of Russian engine corporationThe Basmanny District Court of Moscow on Wednesday ordered arrest in absentia of Alexander Korshunov, Director of Business Development of the United Engine Corporation who had been earlier put on the international wanted list on fraud charges.14:41 06.11.2019
House arrest upheld for Rostec embezzlement case defendantsThe Moscow City Court on Tuesday upheld extension of house arrest for ex-CEO of Compass engineering bureau Murad Safin and ex-CEO of Prompostavka company Ruslan Suleimanov, who stand charged with embezzlement of more than 800 million rubles ($12 million) from Rostec Corporation.16:59 27.11.2018
Moscow engineering bureau demands $32 mln from Rostec embezzlement case defendantsThe Moscow engineering bureau Compass has filed a 2-billion-ruble ($32 million) claim against defendants in Rostec Corporation embezzlement case.13:28 21.05.2018
Six other suspects in $13 mln embezzlement at Rostec Corporation arrestedMoscow police have arrested six other individuals suspected of being involved in a fraudulent scheme to embezzle 800 million rubles ($13 million at a current exchange rate) from state-owned Rostec Corporation.12:56 19.12.2016
Criminal case opened over alleged embezzlement at Rostec subsidiaryA criminal case has been opened over alleged embezzlement of about 33 million rubles ($663,000) from Polyus Research Institute named after M.F. Stelmakh, part of Shvabe holding company which is controlled by state-owned Rostec corporation.12:42 22.05.2015
Russian man gets 3 years for attempted fraud involving Rostec's research centerA court in Moscow sentenced Viktor Meshchenkov, director of a British Virgin Islands-based company, to three years in prison for attempted theft of 1.28 billion rubles ($25 million) from a research center affiliated with state-owned defense and technology holding Rostec.17:53 27.04.2015
Russian court sentences PwC manager Rogozhin to 8 years in jail in absentiaMoscow's Tagansky District Court sentenced Stanislav Rogozhin, head of a "Russian business group" in Germany belonging to PricewaterhouseCoopers (PwC), to eight years in prison in absentia over alleged fraud linked to subsidiary of state-owned defense and technology holding Rostec.14:41 27.04.2015
Attempted fraud case involving Rostec's research center reaches courtMoscow police have announced on Friday that an investigation into an alleged attempted theft of 1.28 billion rubles ($23 million) from a research center affiliated with Russian Technologies State Corporation (Rostec) has been completed.12:43 27.03.2015