The Main Investigative Department of the Investigative Committee of the Russian Federation for the North Caucasus Federal District has completed the investigation of a criminal case against a resident of the city of Nalchik, the Kabardino-Balkarian Republic, the founder and CEO of Construction Company Stroy-City LLC, Firm GE-AS LLC and Construction LLC company Lotus Iyldirim Sami Azmi. He is charged with committing of an offense under Part 4 of Article 159 of the Criminal Code of Russia (swindling, that is, the stealing of other people's property by fraud committed by a person through, on an especially large scale).
As established by the investigation, Iıldırım concluded loan agreements with a commercial bank for individuals from April 2017 to April 2018. In doing so, he used documents that he knew to be false about the actual existence of property provided by his firm as collateral, as well as about the fact that the borrowers were employed by another organization subordinate to him.
The investigation established the property of the accused, the value of which is comparable to the damage caused to the bank, and in order to ensure the execution of a subsequent sentence in terms of the civil claim and other property seizure was imposed on it.
The criminal case with the approved indictment has been sent to the court to be tried on the merits.