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In Khanty-Masi Autonomous Area former heads of insurance company charged with stealing over 200 million rubles

The Khanty-Mansi Autonomous Area-Yugra investigating bodies of the Russia’s Investigative Committee have charged two former heads of OAO State Insurance Company Yugoria with crimes under part 2 of article 201 of the RF Penal Code (abuse of power), part 4 of article 160 (misappropriation and embezzlement on a very large scale).

According to investigators, the accused while being top managers of OAO State Insurance Company Yugoria regularly stole money from it disguising their crimes as renewal of agreements Yugoria had with OAO Yakor.

The total damage stands at over 200 million rubles.

Following a request of investigators a court has ruled to put one of the accused in custody. The investigation is ongoing.

Head of Media Relations                                                                                                                                     V.I. Markin