Minsk resident sentenced to nine years in prison for securities fraud worth м 2 million

The court of Partizansky district of Minsk sentenced a 44-year-old resident of the capital to nine years in prison with a fine of 30 thousand for fraud on an especially large scale. This was reported in the Prosecutor General’s office, writes sb.by.

The Prosecutor’s office of Partizansky district of Minsk supported the state prosecution against a previously convicted 44-year-old resident of the capital, who is charged with fraud, committed repeatedly on an especially large scale. It is established that the accused, being the head of the societies controlled by him, planned and for three years implemented a criminal mechanism to seize funds of individuals.

Yana Gavrilina, assistant prosecutor of the Partizansky district of Minsk, gave details:

- Under the pretext of acquiring securities, shares, bonds, the accused persuaded the victims to invest money, ensured the conclusion of contracts on the terms of subsequent redemption or repurchase of securities, including at a higher value relative to the acquisition of victims. When the deadlines for fulfilling obligations under the contract came, the accused, not having a real opportunity to repurchase securities, in order to continue his criminal activity, convinced the victims of the intention to return their money, repeatedly postponed the terms, ensured the re-registration of contracts. As a result, 18 victims lost invested funds totaling more than 2 million Belarusian rubles. Taking into account the evidence presented by the public prosecutor, the court of Partizansky district of Minsk ruled a guilty verdict.

On the basis of Part 4 of Art. 209 of the Criminal Code of the Republic of Belarus, the accused was sentenced to imprisonment for a term of 9 years with a fine of ом 30 thousand. The sentence has not entered into legal force, can be appealed and appealed on appeal. Former Deputy General Director of Vitebsk region will appear in court for receiving a bribe