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Head of construction company in the Amur region will spend five years in the colony for the deception of real estate investors - EastRussia | Far East

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The head of the construction company in the Amur region will spend five years in the colony for the deception of real estate investors

The Blagoveshchensk City Court found the former head of New Economic Project LLC guilty of fraud. For deceit holders and appropriation of their money, a man was sentenced to five years in prison. He will serve his sentence in a penal colony.

As the general director of a construction company, an entrepreneur entered into agreements on shared construction, while he knew about the insolvency of the company. According to the press service of the regional prosecutor's office, after receiving the money to build a house in the village of Chigiri, the man appropriated them.

In 2018, a man was prosecuted for fraud in the field of shared construction. Then he received four years in prison. Now the term has increased due to new circumstances of the criminal case.