In the Leninsky district of Kirov, a 50-year-old head of several construction organizations was convicted. He appropriated over 550 million rubles of citizens – participants in shared construction.

How reported in the prosecutor’s office of the Kirov region, from January 2013 to July 2017, the director of several companies that were building houses on Gorokhovskaya, Michurinskaya and Preobrazhenskaya streets, for mercenary purposes, did not fulfill his obligations under equity participation agreements concluded with 160 citizens. The funds received from them in the amount of over 550 million rubles, he spent not on construction, but on other needs.

After the prosecutor’s check, a criminal case was initiated under part 4 of article 159 of the Criminal Code of the Russian Federation “Fraud on an especially large scale with the use of official position.” The court found the head of construction firms guilty and sentenced him to five years in prison and to deprivation of the right to engage in housing construction for two years. The man was taken into custody in the courtroom. He will have to serve his punishment in a general regime colony.

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