Prime | 28 April 2014

Over 20 bln rbl stolen from Russian agriholding firm

Swindlers have stolen more than 20 billion rubles from Russia’s largest agriholding company and the police have arrested three former top managers of the holding suspected of the fraud, the Internal Ministry said in a statement Monday, RIA Novosti reported.

The police have not revealed the name of the company, but sources familiar with the situation told RIA Novosti that ex-managers of major agriculture company Razgulay Group were detained.

“In 2007–2010, the company’s top managers organized the signing of 20 billion rubles of agreements to buy land for the company’s farms with fake firms,” the police said.

(35.9289 rubles — U.S.$1)