Rusnano ex-chief and financial director charged with embezzlement Reviewed by Momizat on . [caption id="attachment_5399" align="alignnone" width="615"] Investigators believe that Leonid M. hired Svyatoslav P. and a former deputy chief, Andrey M., as a [caption id="attachment_5399" align="alignnone" width="615"] Investigators believe that Leonid M. hired Svyatoslav P. and a former deputy chief, Andrey M., as a Rating: 0

Rusnano ex-chief and financial director charged with embezzlement

Investigators believe that Leonid M. hired Svyatoslav P. and a former deputy chief, Andrey M., as a part of his plan to embezzle Rusnano funds.

Investigators believe that Leonid M. hired Svyatoslav P. and a former deputy chief, Andrey M., as a part of his plan to embezzle Rusnano funds.

The Russian Investigative Committee has charged the former head of the Russian Corporation of Nanotechnologies (Rusnano), Leonid M., and the company’s former financial director, Svyatoslav P., of a large scale embezzlement, the Russian information agency, TASS, reported July 29, citing the official representative of the Investigative Committee, Vladimir Markin.

“The Russian Investigative Committee reported that for the period from February to July 2009 RUB 220 mln of Rusnano’s funds was embezzled,” TASS wrote. “The company’s former chief and financial director are involved.”

Investigators believe that Leonid M. hired Svyatoslav P. and a former deputy chief, Andrey M., as a part of his plan to embezzle Rusnano’s funds.

Then Leonid M. initiated the issue on bringing an advisory company to provide services for Rusnano. Allegedly, the corporation did not need an advisory company’s services at that time.

In 2008, Svyatoslav P., who was at that time chief of the Tender Committee, ensured that the advisory company Alemar wins. Then he composed a draft agreement on the provision of services, which was signed by Andrey M.

The residencies of the suspects were searched, according to Markin. A number of electronic documents were confiscated during the searches and sent for analysis.

Rusnano was created in 2011 as a result of the reorganization of the state corporation “Russian Corporation of Nanotechnologies”. Rusnano is its successor and is 100 percent controlled by the state.

Photo courtesy of CSIRO (Wikimedia Commons).

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