Two Ingush businessmen brought to court for embezzling 14 million roubles

Two general directors of companies, registered in Ingushetia, are accused of embezzling 14 million roubles, allocated by the local committee for youth affairs for holding events to engage students in entrepreneurial activities. The criminal case against them is brought to court. The law enforcement bodies suspect of negligence the officials of the committee for youth affairs, on whose connivance the theft occurred.

On November 4, the Ministry of Internal Affairs (MIA) for Ingushetia reported on investigation into the theft of 14 million roubles of budgetary funds. In December 2013, the money was allocated by the chair of the committee for youth affairs under the state contract of a company. In turn, the company was to involve local young people in entrepreneurial activities and use the above money to provide financial support to young entrepreneurs in need of assistance for business development.

According to investigators, the head of the company embezzled the money in collusion with the director of another company and submitted to the committee for youth affairs "forged documents about allegedly held activities carried out with involvement of students," reports the message posted on the website of the Ingush MIA.

The Ingush MIA notes that one of the businessmen was taken under house arrest, since he tried to leave Russia.

Full text of the article is available on the Russian page of 24/7 Internet agency ‘Caucasian Knot’.