Investigation of a criminal case on an especially large scaled fraud is finalized

The Main Investigation Directorate of the Investigative Committee of the Russian Federation for the North Caucasus Federal District has finalized the investigation of the criminal case against Mr. Aslambek Lorsanov, the former Head of Agrofirma Sadovod LLC. He is accused of committing a crime prescribed in Part 4, Article 159 of the Criminal Code of the Russian Federation (large-scale fraud).

The investigation identified that between September 26, 2014 and June 15, 2016, Mr. Lorsanov submitted fraudulent documents to the Ministry of Agriculture of the Chechen Republic. They confirmed that his Company had a land plot, where the work on uproot old orchards had been done, including the works related to recultivation of soil, and a new garden lay. Thus, Mr. Lorsanov embezzled budget funds in the amount of more than 19.5 million allocated as subsidies to support agricultural producers.

During the preliminary investigation, the defendant had partially compensated the damage caused in the amount of more than 4 million 200 thousand rubles. In addition, the investigation revealed and assesed the property of Mr.Lorsanov and his spouse, the total market value of which was more than 43 million rubles, so it was a subject to arrest, due to enforce the execution of the subsequent verdict.

The investigation collected a sufficient evidence base, so the criminal case against Mr. Lorsanov was submitted to court for consideration on the merits.