Ex-chief of Rosneft subsidiary in Kabardino-Balkar Republic is under investigation fo
The Supreme Court of the Kabardino-Balkar Republic made a decision to release the ex-chief of Rosneft regional office Valery Kardanov from custody. The jury decided to transfer the chief of the oil company under house arrest on the grounds of insufficient health care in the pre-trial detention center.
Kardanov is under criminal investigation for embezzlement on an especially large scale. The losses from theft of property in the case of Rosneft subsidiary are preliminary estimated to be about 1 billion roubles.
In 2014 and 2018 Kardanov became a subject of two more criminal cases. As it turned out, in addition to hard-to-prove tax frauds, the ambitious CEO of OJSC “NK Rosneft – Kabardino-Balkarian Oil Company” had embezzled money and other physical assets, including the following:
- In 2010, a tremendous sum of more than 45 million roubles was transferred from company bank accounts to the accounts of fraudulent shell companies, on the grounds of fake supply agreements;
- In 2011, four expensive automobiles were written off the company assets, using forged records of company board meeting. The financial damage accounted to 12.5 million roubles;
- In 2012 Kardanov, the unrealized head of the republic, used a fake contract of sale to actually transfer to himself a state-owned “Baksan” climbing base (this base has about 2.5 hectares of land and 9 buildings in Tegenekli settlement of Elbrussian district of Kabardino-Balkar Republic). The climbing base was estimated at 6 million roubles, therefore lowering it real value tenfold. In addition, Kardanov did not transfer even those disproportionally lesser finances to the company account.
- In 2013, exhausting the possible criminal schemes in document frauds and forgery, Valery Kardanov had simply embezzled a sum of 60.5 million roubles by trivially removing them from the company cash desk.
Looking just at those amounts of theft and embezzlement that were disclosed to the public, one can understand the motives of political ambitions and “passions” of the oil tycoon Kardanov.
In 2013, the criminal millionaire and political wirepuller Kardanov who had fled abroad at the time being, was at last accused of fraud and embezzlement on especially large scale, put on an international wanted list and arrested in absentia.
Earlier “Region-Online” reported that the ex-chief of “Kabardino-Balkarian oil company” Rosneft subsidiary Valery Kardanov had lost consciousness during the court hearing. An appeal to extend his jail time was being reviewed at the court in that moment.
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