$1 mn allocated for movie embezzled in Russia

Last Updated: Sun, Apr 07, 2013 00:30 hrs

Moscow, April 7 (IANS/RIA Novosti) Russian investigators suspect that more than 30 million rubles (over $1 million), allocated by the culture ministry for making a movie, have been embezzled, an official said.

Sergei Stukalov, spokesman for the Moscow Investigative Committee department, said "unidentified individuals" faked minutes of a general meeting of the Triada-Film company so that it included a decision to close the firm down.

The document was subsequently submitted to the Federal Tax Service to record those changes in the list of the unified state register of legal entities.

"According a version by investigators, those actions by unidentified individuals were made to cover another crime - a possible embezzlement of more than 30 million rubles, allocated by the Russian culture ministry to the (Triada-Film) company for making a motion picture," he said.

The company's two major shareholders, owning stakes of 55 percent and 10 percent in the company, denied taking part in the alleged general meeting.

A criminal case was launched on charges of attempted falsification of a record in the unified state register of legal entities.

--IANS/RIA Novosti


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