Probe finished against man charged with embezzlement of money allocated to build Vostochny space launching site

The Head Office of the Investigative Committee has finished criminal proceedings against former deputy CEO of ZAO Stroykonstruktsia Igor Novikov charged with complicity in embezzlement committed by an organized group on a very large scale under Part 5 of Article 33 and Part 4 of Article 160 of the RF Penal Code.

According to investigators, in 2012-2013, head of Spetsstroyservis under Spetsstroy of Russia Andrei Yartsev and director of OOO Stroykonstruktsia S Anatoly Ryazanov together with CEO of ZAO Stroykonstruktsia Nikolai Shkadin, his deputy Igor Novikov and Vladimir Deniskin acted as an organized group when they embezzled more than 1.1 billion rubles, the funds from the federal budget entrusted to Yartsev, for the benefit of OOO Stroyconstruktsia S, a limited liability company owned by Ryazanov and another accomplice. They bought from Stroykonstruktsia S some metalwork to construct facilities of the Vostochny space launching site at overrated prices, while the real expenses for the said goods were about 600 million rubles.

Novikov turned out to be a wealthy man which made him able to hide from law-enforcers for a long time. Therefore he was wanted around the world and located thanks to well-planned investigative and search operations. He was detained and then taken to custody pending trial.

The accused and his lawyers are now reading the files of the case.

Anatoly Ryazanov charged with complicity in embezzlement is going to appear in court this week, while Yartsev and two other accomplices together with their lawyers continue reading the files of the case.


Acting Head of Media Relations S.L. Petrenko