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Rusnano top manager denied bail in embezzlement case

13:37 03/07/2017

MOSCOW, July 3 (RAPSI) – The Moscow City Court on Monday refused to release Andrey Gorkov, managing director of the state-owned technology corporation Rusnano involved in the case over embezzling of over 700 million rubles (about $12 million), on a 50-million-ruble bail ($844,000), RAPSI reports from the courtroom on Monday.

The court thus dismissed an appeal lodged by Gorkov against his detention.

Gorkov stands charged with abuse of office resulted in heavy consequences. On June 11, he was put in detention until August 9.

Investigators believe that between 2011 and 2013 Gorkov was transferring Rusnano’s assets to the Smolensky Bank under the guise of provision of cash services, in effect financing its activity. The top manager denies guilt and notes that he did not have the right to manage corporation’s money at the moment of revocation of the bank’s license in 2014.

As a result, Rusnano lost over 738 million rubles ($12.5 million) and, according to investigators, 400 million ($7 million) were allocated to Gorkov’s brother, who is at this time wanted by the police, a day before the bank’s license was revoked.

Gorkov has pleaded not guilty.

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Rusnano top manager denied bail in embezzlement case

13:37 03/07/2017 The Moscow City Court on Monday refused to release Andrey Gorkov, managing director of the state-owned technology corporation Rusnano involved in the case over embezzling of over 700 million rubles (about $12 million), on a 50-million-ruble bail ($844,000).
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