Military investigators opened a case against employees of the Radio Mints Engineering Institute

They are suspected of fraud committed on a large scale (part 4 of article 159 of the Criminal Code of the Russian Federation) within the framework of the execution of a state defense order.

Investigators found that in 2013 the Russian Ministry of Defense entered into an agreement with the Radio Engineering Institute named after academician AL Mints state contract for development works worth more than 2 billion rubles.

Between March 2014 and November 2016, Lobuzko and Finkelstein, while carrying out the stages of a state contract for the development and testing of a prototype for military purposes, drafted falsified documents and produced a sample of inadequate quality, stealing more than 130 million rubles, the department said.

The Investigative Committee clarified that Lobuzko was taken into custody and Finkelshtein was chosen as a preventive measure in the form of house arrest.

On October 11, Moscow’s Lefortovo District Court placed RATM-Holding CEO Eduard Taran under house arrest in a fraud case. He was detained together with the founder of Belaya Sphera-Construction LLC, Arkady Tarabrin. Both are accused in the case of Deputy Director of the Deposit Insurance Agency Alexander Popelyukh.

In late August, a Moscow court arrested Boris Galkin, CEO of flexible tablet maker Plastic Logic, in connection with the Rusnano money embezzlement case.